Dogecoin is still Elon Musk’s ‘favorite’ crypto, but he’s careful not to endorse it
Elon Musk is still a Dogecoin fan, even though he chooses to be more cautious about how Dogecoin is represented.
speak in wall street journalCEO Summit in London, CEOs of Tesla and SpaceX reconfirmed His affinity for Dogecoin was done while being careful not to explicitly promote it.
When asked if he was still a “fan” of cryptocurrencies, Musk declined to comment. “I’m not advising anyone to buy cryptocurrency for example or bet their farm on Dogecoin. Don’t bet your farm on Dogecoin!” I scolded him. But let me advise that it’s probably not wise. “
The tone exchange suggested that the billionaire entrepreneur was aware of the potential repercussions of such public comment, but Mr. Musk has completely suppressed his love for the original meme coin. seemed unable to do so, calling Dogecoin his “favorite” cryptocurrency. Great humor and even a dog. ”
When asked about the fact that Dogecoin is still well below its 2021 high, Musk sidetracked the question with a thoughtful comment:
“You know, a friend of mine said, The most cynical explanation is the most likely. And the most cynical outcome for the currency is that it was made as a joke to make fun of crypto… It will become the world currency.”
Musk’s more conservative stance contrasts sharply with his more inflammatory comments about regulators. Perhaps the most notable was the infamous 2018. 60 minutes In an interview he declared:I do not respect the SEC,“, responding to accusations that he used Twitter to manipulate the price of Tesla stock.
However, he added less famous words after that comment: “I respect the justice system.”Musk Resolved That same year, he was indicted by the SEC.
Musk’s acknowledgment of Dogecoin as his “favorite” cryptocurrency didn’t affect the coin’s price in this case, but it did draw attention to Dogecoin itself.In fact, Dogecoin Almost 3% decrease Since Mr. Musk’s comment yesterday.
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