Elon Musk Shares an Important Message About Crypto

Elon Musk recently appeared on the X Takeover podcast hosted by the Tesla Owners Silicon Valley account, which took place on his own X social media platform.

Portions of the podcast have been shared by prominent members of the DOGE community on the same platform. During the discussion, Musk addressed his current views on Bitcoin and responded to past YouTube videos where he discussed the cryptocurrency.

Musk acknowledged that Bitcoin and other cryptocurrencies hold some value, but he emphasized his fondness for Dogecoin due to his interest in “dogs and memes.”

Despite this, he made it clear that he has no intention of actively promoting any cryptocurrency. Musk clarified that any videos suggesting he is endorsing crypto are likely deepfakes.

In response to Musk’s comments, several leading Dogecoin advocates began sharing his statement along with memes, including references to the “Lion King” movie.

Musk’s enthusiasm for Dogecoin remains evident, although he has not recently posted about it on X. Tesla and SpaceX still accept Dogecoin for merchandise purchases, and Musk continues to plan the DOGE-1 lunar mission.

Although Musk’s tweets once had a significant impact on Dogecoin’s price, his influence has diminished over time. Additionally, last week, his X platform removed cryptocurrency-related emojis, which previously appeared with crypto hashtags.