On May 30, Palmer described Elon Musk as a ‘Grifter,’ a name that literally means “someone who grips” or “who engages in petty or small-scale swindling” in an interview with Australia’s local media outlet- Crikey. Despite the fact that many people on Twitter support Elon Musk, one of the co-founders of Dogecoin, Jackson Palmer, is clearly not a fan of the Tesla and SpaceX CEO. Palmer remarked:
“About a year ago, when Musk was saying something about crypto, I said Elon Musk was and always will be a grifter, but the world loves grifters. They love the idea that they may also be a billionaire one day, and that’s the dream he’s selling.”
Palmer has been a public critic of Dogecoin’s technology since 2015, and he claims that, aside from perceiving Musk as a thief, the loud billionaire who is eyeing a takeover of Tesla does not comprehend basic coding, based on their chats. Musk’s occasional remarks on twitter about Dogecoin and Shiba, among other meme coins, momentarily prompt their values. The values of these tokens are often driven by Elon Musk’s tweets, which normally calm out after a short period.
Elon Musk’s critiques are all over the crypto sector, which Palmer has often referred to as a Ponzi scheme. According to him, the current crypto winter has yet to reach its bottom, and those on the lowest end of the financial spectrum will receive the worst hit. He stated:
“It’s going to be a lot more painful, and unfortunately, it will probably affect minorities and those at the lower end of the socioeconomic spectrum when it happens. So, when people who have been suckered in, people who’ve been sold on the [viral cryptocurrency-promoting] Matt Damon commercial and who put their [retirement fund] 401k in, those are unfortunately the people who are going to be hurt.”
Read more:
- John Deaton compares Dogecoin Father Elon Musk’s frequent promotional tweet for Doge with Ripple legal battle
- Elon Musk all set to accept Dogecoin coin for SpaceX product
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