Tesla and SpaceX CEO Elon Musk reiterated his support for the cryptocurrency with Dogecoin meme coins, albeit evasively, at this year’s Qatar Economic Forum in Doha.
“I intend to personally support Dogecoin because I just know a lot of people who are not so rich who encouraged me to buy and support Dogecoin – so I respond to these people,” he said in a video interview with Bloomberg News Editor-in-Chief John Micheletwait.
Musk said in an interview that his own staff asked him to protect Dogecoin, or said, “Just people, when I walk around the factory at SpaceX or Tesla, they asked me to support Dogecoin, so I’m doing it.”
Musk, who has a net worth of more than a fifth of a trillion dollars, was named the richest man in the world by Forbes this year. He said he personally owns Dogecoin, and his Twitter statements about the cryptocurrency often raise its price. Earlier this year, he announced that Tesla and SpaceX would accept payments with Dogecoin for some goods.
This week, Bloomberg reported that Elon Musk, Tesla and SpaceX are facing a $ 258 billion lawsuit alleging that Musk was part of a racketeering scheme to support cryptocurrency.
“I have never said that people should invest in cryptocurrency,” Musk told the Qatar Economic Forum. He added that “SpaceX and Tesla and I bought some bitcoins, but that’s a small percentage of our total cash assets, so they’re not that significant.”
Twitter: Will it? Isn’t there?
Cryptocurrency fans have been watching closely for Musk’s offer to buy Twitter this year. Musk has openly said that if the deal is finalized, he will likely “integrate payments into Twitter so it’s easy to send money back and forth,” adding that this would include “currency as well as cryptocurrency.”
In April, Twitter accepted Musk’s $ 44 billion takeover bid, but the CEO appears to have cooled his feet so far. The following month, he said the deal was “temporarily suspended” until he was able to verify that less than 5% of Twitter users were fake.
Musk confirmed at the Qatar Economic Forum that there are still “unresolved issues” on the deal. Twitter responded to his concerns earlier this month by giving him access to a “fire pipe” of data, including every tweet posted on the platform, so he can independently check the bot’s activity.
Musk also told the Qatar Forum that even if the deal fails, he will continue to “drive the product” on Twitter, although the form of his contribution can be guessed.
In any case, he will certainly tweet about it.
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