KEYTAKEAWAYS
- Musk sees merit in Bitcoin and some other cryptocurrencies
- He maintains a fondness for Dogecoin due to his love for dogs and memes
CONTENT
Tech mogul Elon Musk discusses his views on Bitcoin and Dogecoin during X Takeover podcast, emphasizing a hands-off approach to crypto promotion while acknowledging the potential of digital currencies.
Tech entrepreneur Elon Musk recently participated in the X Takeover podcast hosted by Tesla Owners Silicon Valley on his social media platform X. During the discussion, Musk addressed his current thoughts on Bitcoin and responded to questions about past statements on cryptocurrencies.
When asked about his perspective on Bitcoin, Musk acknowledged, “There is merit in Bitcoin and maybe some other cryptos.” He also expressed a particular affinity for Dogecoin, citing his appreciation for “dogs and memes.” However, Musk made it clear that he has no intention of actively promoting any cryptocurrency.
“I’m not going to be promoting crypto,” Musk stated firmly. He added that any crypto-related content he might share would be “in a joking way.” The tech mogul also warned that any videos showing him actively promoting cryptocurrencies should be considered deepfakes.
Despite his cautious approach to crypto promotion, Musk’s companies continue to engage with digital currencies. Tesla and SpaceX still accept Dogecoin for merchandise purchases in their online stores. Additionally, plans for the DOGE-1 moon mission remain in place.
Musk’s influence on the crypto market has been significant in the past, with his tweets often causing price fluctuations, particularly for Dogecoin. However, the impact of his statements on cryptocurrency prices has diminished over time.
The podcast discussion has sparked reactions within the Dogecoin community, with some interpreting Musk’s comments as implicit support for the meme-inspired cryptocurrency. However, Musk’s stance appears to be one of measured interest rather than active promotion.
In a related development, Musk’s X platform recently removed cryptocurrency hashmojis, including those for Bitcoin and other digital currencies. This move aligns with his more restrained approach to cryptocurrency discussions on social media.
As the crypto landscape continues to evolve, Musk’s position highlights the complex relationship between high-profile tech figures and the digital currency market.
>> Also read:
- Dogecoin (DOGE) : King of Memecoins
- ‘Doge’ Meme Icon Kabosu Passes Away at 18, Fans Worldwide Grieve
- Top Memecoins 2024- What You Need to Know
▶ Buy Dogecoin at BingX
Sign up to claim 5,000+ USDT in rewards & 20% off trading fees!
