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Elon Musk’s dad has admitted he isn’t proud of his billionaire son and explained why he married and had a baby with his stepdaughter in a candid radio interview. Errol Musk, 76, was called to Kyle and Jackie O’s show Monday morning for a bizarre 20-minute interview in which he joked that he could be Kyle’s real father. The Tesla CEO’s father said Elon had ‘overstepped the mark’ of what he considered successful but said the Musk family had ‘done a lot for a long time’. ‘Your descendant is a genius. He’s worth so much money and has created so many things, you can’t take that away from him. Are you proud?’ Jackie O asked. ‘Not. You know, we’re a family that’s been doing a lot for a long time, it’s not as if we suddenly started doing something,’ Errol replied. Errol Musk (right) says his billionaire son Elon (left) has ‘overshot the mark’ but as a family, Musk has ‘done a lot for a long time’ Kyle and Jackie O join billionaire dad for candid interview on Monday wher

Bitcoin is down 65 percent from its all-time high of $68,990. In June, it briefly dropped below $18,000, implying a 75 percent drop from its all-time high. Last year when he appeared on Kitco News, Hex founder Richard Heart predicted an 85 percent drop in the price of Bitcoin. “At my last appearance here, I said that Bitcoin was down to $10K,” he said. “So far, Bitcoin is actually down 75 percent, 10 percent lower than my 85 percent target.” Heart blamed institutions with large holdings in Bitcoin such as Celsius, MicroStrategy, and Three Arrows Capital for taking leveraged positions in the cryptocurrency, leading to the bubble. “Michael Saylor took leverage and he dropped, I believe, 30 percent on his Bitcoin stack,” Heart said. “El Salvador’s government is down, ARKK’s investment is down. Everyone was devastated, except for me. I called the top on the deck. ” Heart spoke with David Lin, Anchor and Producer at Kitco News. https://www.youtube.com/watch?v=/vfE7UFDceqI Bitc

Furthermore, only 1.9 percent of its loans have a debt-to-income ratio of six times, while Baum estimates these highly leveraged mortgages have accounted for a quarter of the major banks’ new mortgages in recent years. As interest rates rose sharply, it was these newer borrowers that Baum was most concerned about. “We’re going to see potentially disastrous outcomes on a human level on a scale I think most Australians have forgotten about, because we haven’t had a recession for 30 years,” he said from Tic:Toc’s headquarters in Adelaide. “We should have been more responsible five years ago. Because guess what? We will get a 10 percent increase, not a 25 percent increase in house prices. And the downside that we are now navigating will be much more manageable.” Baum said years of gradual easing of lending rules had allowed household debt to build up, giving policymakers and central banks limited flexibility as they tried to steer the economy through a world of higher inflation and slow