Elon Musk Says: “I’m Not Going to Be Promoting Crypto”

Serial tech entrepreneur Elon Musk has taken part in today’s X Takeover podcast hosted by the Tesla Owners Silicon Valley account on Musk’s X social media platform. Parts of this video have been reposted by various active members of the DOGE army on the same app.

On that podcast, Musk answered a question about what he thinks about Bitcoin now and also about YouTube videos where he caught speaking on Bitcoin two years ago.

.@elonmusk ,

I wanted to take a moment to express my heartfelt gratitude for joining us at the @theXtakeover ! It truly meant a lot to our community that you took the time out of your busy schedule to attend this event. You not only demonstrate a passion for your innovative… pic.twitter.com/fIxuP211pL

— Tesla Owners Silicon Valley (@teslaownersSV) July 28, 2024

Musk’s take on Bitcoin, Dogecoin and crypto promotion

When asked to share his current take on the world’s leading cryptocurrency, Musk responded that he does think “there is merit in Bitcoin and maybe some other cryptos.” The tech mogul admitted that he has a soft spot for the original meme cryptocurrency Dogecoin because he likes “dogs and memes.”

However, Musk made it clear that he does not intend to promote crypto, any crypto. Maximum what he would do, though, he added, is kind of do that “in a joking way.” He also said that if anyone sees a video where he is pumping crypto, that is a deepfake.

“I’m not going to be promoting crypto—at most, in a joking way. If you see me pumping crypto, it’s not me. I do think there’s merit in Bitcoin and maybe some other cryptos, and I’ve sort of got a soft spot for Dogecoin because I like dogs and memes.” – Elon Musk, earlier today ? pic.twitter.com/l1gs1ZPebH

— Sir Doge of the Coin ⚔️ (@dogeofficialceo) July 29, 2024

Some leading Dogecoin army accounts have, perhaps, taken this statement as “joking advertising” of DOGE as they began reposting this quote of Musk together with memes, where parts of the Lion King animation movie were used.

DOGE is the only crypto truly supported by Musk

The Tesla CEO remains a big fan of Dogecoin, as is clear from this podcast, even though he has not been posting on X about it recently. However, Tesla and SpaceX continue to accept DOGE in their online stores for merchandize and Musk still plans to launch the Moon mission DOGE-1.

In the past few years, when Musk was tweeting about the canine coin much more frequently, his tweets were able to push the DOGE price way up. Although later on his power on impacting the coin’s price weakened tremendously. As reported by U.Today, last week Elon Musk’s X platform removed hashmojies of Bitcoin and other cryptocurrencies and they no longer show when you add a crypto hashtag.

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