Elon Musk: “I Have Never Said People Should Invest in Crypto”

The CEO of Tesla and SpaceX, Elon Musk says he never advised people to invest in crypto. His comments come in light of the ongoing $258 billion dogecoin lawsuit against him. Musk Reaffirms His Support for Dogecoin Appearing in a virtual interview in the ongoing Qatar Economic Forum with Bloomberg News Editor-in-Chief, John Micklethwait, Elon Musk said that he never asked anyone to invest in cryptocurrencies. However, he did confirm that he and his company hold some Bitcoin (BTC) which represents a small percentage of the company’s total cash reserve. He also confirmed that he personally supports Dogecoin (DOGE) and that his electric car manufacturing company, Tesla accepts the meme-based cryptocurrency for merchandise, with SpaceX following suit soon. “I have never said that people should invest in crypto. In the case of Tesla, SpaceX, and myself, we all did buy some Bitcoin, but it’s a small percentage of our total cash assets, I also bought dogecoin and Tesla accepts dogecoin for merchandise and I intend to personally support dogecoin,” Musk told in his interview. JUST IN: "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," says Elon Musk https://t.co/BLcp2WIvub #QatarEconomicForum #منتدى_قطر_الاقتصادي pic.twitter.com/R1ZfRGxWBR — Bloomberg Live (@BloombergLive) June 21, 2022 Elon Musk Hit With $258B ...