TechFlow reported on July 29, according to U.Today, Elon Musk reiterated during an appearance on the X Takeover podcast that he would not promote any cryptocurrency, despite acknowledging the merits of Bitcoin and others. He admitted his personal fondness for Dogecoin, primarily due to his love for dogs and memes, but emphasized that any such promotion was purely joking. He warned investors that videos appearing to show him endorsing cryptocurrencies are likely deepfakes.
When asked about his view on Bitcoin, Musk stated he indeed believes "Bitcoin and some other cryptocurrencies are valuable." Although he hasn't recently mentioned Dogecoin on Twitter, his companies Tesla and SpaceX continue to accept Dogecoin as payment and plan to carry out the DOGE-1 lunar mission, demonstrating ongoing support for Dogecoin.
Previous report, after the conclusion of the Bitcoin 2024 event, numerous "double your money" scams impersonating Elon Musk remain active on YouTube. Scammers are using AI-generated deepfake videos of Musk to trick users into sending cryptocurrency.
