2 Cryptos That Elon Musk Idols, But Still Doesn’t Want to Promote

Todaysgist.com, Jakarta – Tesla CEO Elon Musk has expressed a positive view of Bitcoin. Musk acknowledged its value and hinted at appreciation for other cryptocurrencies. Musk also reiterated his fondness for Dogecoin.

Speaking at the X Takeover event, Musk said Bitcoin had merit as did several other cryptos, without specifying which cryptocurrencies he had in mind.

He also expressed his fondness for Dogecoin, a cryptocurrency inspired by a meme featuring a Shiba Inu dog.

“I kind of like Dogecoin because I like dogs and memes,” Musk said at the event, as quoted by Yahoo Finance, Saturday (3/8/2024).

Despite his personal interest, Musk stressed that he does not actively promote cryptocurrencies, responding to the misuse of his image in crypto scams.

Musk was previously sued by crypto investors for allegedly promoting Dogecoin.

“I will not promote crypto, at most in a joking manner. If you see me pumping crypto, that’s not me,” Musk explained.

Musk’s image has been exploited in a variety of scams, from hacking his Twitter account to creating fake ads and deepfake videos, tricking unsuspecting victims into handing over large sums of cryptocurrency.

At the X Takeover event, Musk advised users to be wary of scams, urging them to double-check if it’s real when they come across a crypto-related promotion.

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