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Elon Musk insists he 'never said that people should invest in crypto.'

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Spi11 The Tea wrote a column · Jun 24, 2022 09:40
Elon Musk has been hyping cryptocurrencies for years, especially the dogecoin. The self proclaimed Dogefather is boosting enthusiasm around the crypto coin and his comments have affected the market.

However, Musk said this week that he never ever told people to invest in cryptocurrency.
"I have never said that people should invest in crypto," Elon Musk told the crowd during his virtual appearance at the Qatar Economic Forum after he was asked about the present state of cryptocurrency.

There is one particular crypto he likes, he clarified.

He also said that he continues to support $Dogecoin (DOGE.CC)$ despite the meme token's crypto winter-induced 90% plummet from all-time highs.
Source: Shacknews
Source: Shacknews
"I intend to personally support dogecoin because I just know a lot of people who are not that wealthy who have encouraged me to buy and support dogecoin, so I'm responding to those people," Musk said.

Musk continued. "In the case of Tesla, SpaceX, myself, we all did buy some $Bitcoin (BTC.CC)$, but it's a small percentage of our total cash assets," he said.

Musk reiterated that $Tesla (TSLA.US)$ supports dogecoin for some merchandise and that SpaceX will soon do the same.
Source: Twitter
Source: Twitter
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