Tesla and SpaceX CEO Elon Musk talked about the cryptocurrency market and Dogecoin.
Billionaire entrepreneur Musk gave an interview about cryptocurrencies at the Qatar Economic Forum. Musk said in the interview that he never said that people should invest in cryptocurrencies and used the following statements on the subject:
“I never said that people should invest in crypto. Tesla, SpaceX, me, we all bought some Bitcoin, but that’s a small percentage of our total cash holdings.”
In the interview, Musk also reiterated his support for the leading meme cryptocurrency Dogecoin:
“I said I support Dogecoin. And that’s what I’m doing.”
Musk Was Sued
Musk, along with Tesla and SpaceX, was sued by American Dogecoin investor Keith Johnson for price manipulation in Dogecoin.
Dogecoin dropped to $0.05 with the decline over the weekend. Dogecoin, which has gained 10% in the last 24 hours, is trading at $ 0.066 as of publication time.
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