Elon Musk Mentioned He Had Never Said People Should Buy Crypto

by in Cryptocurrency News

Elon Musk about crypto

At the Qatar Economic Forum, Tesla and SpaceX CEO Elon Musk noted that he had never said people should buy cryptocurrencies.

Related: Elon Musk Sued for $258 B Over Dogecoin Promotion

To the question of what he thinks about the current crypto market conditions and whether he still finds people should invest in crypto, the businessman answered he hadn't said that. Musk added although Tesla, SpaceX, and he did buy some Bitcoin, it is a small percentage of their total cash assets. Besides, Musk owns Dogecoin, and Tesla accepts DOGE for some merchandise. SpaceX plans to accept the coin too.

Several days ago, a $258 B class action was initiated against Elon Musk, SpaceX, and Tesla. A group of crypto investors accused the billionaire of operating a Ponzi scheme and making a profit by manipulating the Dogecoin price.