Elon Musk: I have never said that people should invest in crypto

June 21, 2022

During an interview at the Qatar Economic Forum, Elon Musk denied ever saying that people should invest in crypto.

Talking to Bloomberg News Editor-in-Chief John Micklethwait, Musk confirmed Tesla having some investment in the leading cryptocurrency bitcoin.

“I have never said that people should invest in crypto. In the case of Tesla, SpaceX, myself, we all did buy some Bitcoin,” Musk said.

However, he confirmed that bitcoin is only a small percentage of their total cash assets.

Musk also showed his support for dogecoin saying, “I said I support dogecoin. And I’m doing that.”

Tesla CEO had tweeted over the weekend that he will keep buying dogecoin.

The world’s richest person was earlier met with a $258 billion lawsuit for promoting Dogecoin.