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Elon Musk: He Has Never Insisted Folks To Make Investment In Crypto Assets

www.thecoinrepublic.com 23 June 2022 12:00, UTC
Reading time: ~3 m

  • Elon Musk, CEO of Tesla, appeared virtually during the Economic Forum and said that he has never told folks to make crypto investments.
  • Elon Musk is a huge supporter of Dogecoin, and has already made announcements that some Tesla merchandise can be acquired through the meme cryptocurrency.
  • Elon Musk has also said that several of the employees in Tesla have Dogecoin in his wallet.

Elon Musk Has Never Forced Anyone To Acquire Crypto

The crypto bloodbath hasn’t stopped yet and many organizations in the market had gone insolvent during this havoc. Several folks might think that Tesla CEO must reflect on a handful of his recent statements with a minor contrition, as he is one the biggest cryptocurrency backers all over the globe.

In a video appearance during Qatar Economic Forum, he stated that he has never told anyone to make investments in cryptocurrency.

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

Regarding SpaceX and Tesla, he said that they surely did acquire bitcoin, but it is really a minor chunk in their cash assets.

If we look closely, this isn’t false as Elon Musk has never offered statements like “folks, make investments in cryptocurrency,” or anything similar.

Elon Musk Is Optimistic Regarding Future Of Crypto

Elon Musk is one of the most vocal individuals when it comes to cryptocurrency. During The B Word Conference previous year, he said that he is a supporter of Bitcoin, also unveiling the possibility for the crowned asset to be accepted as payments by Tesla. He added that it might be utilized for economic empowerment.

As per his tweets, Elon Musk owns Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).

He also revealed that there are more BTC in his holdings in contrast to Ethereum and Dogecoin. Elon Musk desires to see Bitcoin succeed. This shows how optimistic he is regarding the future of digital assets.

But He Admires Dogecoin More

Elon Musk has revealed that he thinks highly of Dogecoin and believes that it is people’s cryptocurrency. Many times, we have witnessed how his tweets have influenced Dogecoin.

An instance of this is the announcement regarding Tesla accepting Dogecoin as its Payment method, which gave a rise in the price of the meme crypto asset.

Elon Musk is among those individuals who is always in the limelight regarding something, whether it’s crypto, technology, and many other things. Recently, he was in the news because there were speculations that he is somehow involved in the lawsuit between Johnny Depp and Amber Heard.

Although the future of cryptocurrency is unknown, similar to other things, there are others, apart from Elon Musk, who thinks that the crypto sector is gonna become mainstream all over the globe.

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