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Elon Musk denies asking people to invest in crypto and reaffirms its support for Dogecoin

Doha is hosting the second annual Qatar Economic Forum, powered by Bloomberg, from June 20–22, 2022. The second annual Qatar Economic Forum has brought together heads of state and many crypto industries from around the world to discuss some of the most urgent issues facing the world today through the lens of the Middle East.

On June 21, Bloomberg Editor-in-Chief John Micklethwait interviewed Tesla CEO Elon Musk at the Qatar Economic Forum. Musk also shared his views on the recent bearish trend in the crypto market and whether or not individuals should continue to invest in cryptos. Musk claimed he never recommended investing in cryptocurrencies and only advised buying Bitcoin as a personal investment.

Tesla CEO Elon Musk stated:
“I have never said that people should invest in crypto. In the case of Tesla, SpaceX, and myself, we all bought some Bitcoin, but it’s a small percentage of our total cash assets.”

Elon Musk indirectly took a sarcastic jibe at his $258 billion lawsuit filed by a US individual named Keith Johnson, claiming that Musk participated in a “Dogecoin pyramid scam.” during the interview. He also stated that Tesla and SpaceX accept Dogecoin payments for some products. He has also seen a drastic effect.

Musk has always been vocal about his love for cryptocurrencies. Even his tweets about Dogecoin increased the token value on multiple occasions. He also stated that Tesla and SpaceX accept Dogecoin as payment for some of their products.

Crypto fans have been keenly following Elon Musk’s attempts to acquire Twitter this year. Musk has stated that he intends to “integrate payments into Twitter so that it’s easy to move money back and forth. If the transaction is successful, adding that this would involve currency as well as crypto.”

At the time of writing, Dogecoin is trading at $0.062419 with a trading volume of $1,029,064,058 in the last 24 hours.

Read more:

Elon Musk continues to support Dogecoin despite $258 billion crypto lawsuit

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