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HomeFinanceElon Musk says: "I cannot promote cryptocurrencies"

Elon Musk says: "I cannot promote cryptocurrencies"

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U.At the moment – Serial tech entrepreneur Elon Musk participated in in the present day's X Takeover podcast hosted by the Tesla (NASDAQ:) Homeowners Silicon Valley account. It was held on Musk's X social media platform. Parts of this video have been forwarded by varied energetic DOGE navy members on the identical app.

On this podcast, Musk answered a query about what he thinks about now, in addition to YouTube movies the place he was caught speaking about Bitcoin two years in the past.

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Musk's tackle Bitcoin and cryptocurrency promotion

When requested to share his present view on the world's main cryptocurrency, Musk replied that he thinks “Bitcoin and perhaps another cryptocurrencies have some worth.” The tech mogul has admitted he has a comfortable spot for the unique meme cryptocurrency, Dogecoin, as a result of he likes “canines and memes.”

Nevertheless, Musk has made it clear that he has no intention of selling crypto…any crypto. Nevertheless, he added that essentially the most he would do was to do it “in jest”. He additionally mentioned that if somebody sees a video of him pumping cryptocurrency, it's a deepfake.

Some main dogecoin military accounts might have taken this assertion as a “humorous commercial” by DOGE after they began reposting this quote from Musk together with memes the place components of the animated movie “The Lion King” had been used.

DOGE is the one crypto truly backed by Musk

Tesla's CEO stays a giant fan of Dogecoin, as evident from this podcast, despite the fact that he hasn't been writing about it on X these days. Nevertheless, Tesla and SpaceX proceed to just accept DOGE of their on-line shops for items, and Musk nonetheless plans to launch the DOGE-1 lunar mission.

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Up to now few years, when Musk tweeted concerning the canine coin way more incessantly, his tweets had been capable of push the worth of DOGE excessive. However later, its energy to affect the coin's value weakened tremendously. As reported by U.At the moment, final week Elon Musk's platform X eliminated hashmojis of bitcoin and different cryptocurrencies, they usually now not seem once you add a crypto hashtag.

This text was initially revealed on U.At the moment

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