At the Qatar Economic Forum, Tesla and SpaceX CEO Elon Musk noted that he had never said people should buy cryptocurrencies.
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.
JUST IN: "I have never said that people should invest in crypto. In the case of Tesla, SpaceX, myself, we all did buy some Bitcoin, but it’s a small percentage of our total cash assets," says Elon Musk https://t.co/BLcp2WIvub #QatarEconomicForum #منتدى_قطر_الاقتصادي pic.twitter.com/R1ZfRGxWBR— Bloomberg Live (@BloombergLive) June 21, 2022
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.