Elon Musk said that in 10 years, all money will disappear and you will own no money

Well-supported — high-quality sources agree

What we can confirm

Multiple reputable reports and recordings show Elon Musk has repeatedly predicted that, due to advances in AI and robotics, money will become irrelevant or cease to exist as a concept, often on a roughly 10–15 year timescale.[1][2][3][4][5][7][8][9][11][12][13][14] While wording varies, the core idea that in about a decade traditional money will disappear or lose significance is clearly and repeatedly attributed to him, so the claim that he said something to this effect is well supported, though the exact phrasing about "you will own no money" is paraphrased rather than a direct quote.[2][3][7][9]

Sources

Checked July 26, 2026