Tesla and Spacex CEO Elon Musk has shared his views on a variety of topics, including crypto investing, why he supports the meme cryptocurrency dogecoin, “unresolved matters” in his Twitter takeover bid, and the likelihood of a near-term U.S. recession.
Elon Musk on Crypto Investing
Tesla CEO Elon Musk shared his thoughts on a wide range of topics in an interview with Bloomberg News’ John Micklethwait at the Qatar Economic Forum Tuesday.
Crypto investing was among the topics discussed. Musk was asked whether he thinks people should still invest in cryptocurrency given the market downtown. The Tesla CEO clarified that he has never recommended that people buy cryptocurrency, stating:
I have never said that people should invest in crypto. In the case of Tesla, Spacex, myself, we all did buy some bitcoin, but it’s a small percentage of our total cash assets.
The Spacex chief previously revealed that he also owns ether (ETH) and dogecoin (DOGE) while Tesla and Spacex only own bitcoin (BTC).
Musk Responds to People Encouraging Him to Buy and Support Dogecoin
Musk proceeded to reveal why he supports the meme cryptocurrency dogecoin. Firstly, he mentioned that Tesla accepts dogecoin for some merchandise and Spacex will do the same.
He then reiterated his intention to keep supporting DOGE, stating:
I just know a lot of people who are not that wealthy who, you know, have encouraged me to buy and support dogecoin. I’m responding to those people.
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