With the entirecryptocurrencies market currently tanking, one would think that Musk would reflect on some of his recent statements with a little contrition.
During his virtual appearance at the Qatar Economic Forum, Musk said that he had never said that people should invest in cryptocurrencies.
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Musk kept going. He said that they all bought some of the virtual currency, but it was a small portion of their cash assets.
This appears to be correct. Musk doesn't seem to have said that people should invest in cryptocurrencies.
Where would people find the idea to invest in cryptocurrencies?
Over the years, Musk has said a lot about Cryptocurrencies. It would be easy to see how someone would think Musk was offering investment advice when he was promoting it. It could be strongly hints at such.
Musk is one of the top users on the platform and his words are read by many people. Some of the things Musk has said about cryptocurrencies are included in this collection.
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It was at that time that Musk announced that his company would start accepting the digital currency. It seems promotional to me that you have to spend it, and that another way of saying " buy" is " invest in"
The negative environmental costs that were only later explained to Musk were what caused him to reverse course.
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Musk felt the need to reiterate how much he still believed in the virtual currency after suspending his purchases with the electric car company.
The other companies that promote cryptocurrencies are not the only ones.
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Musk said that the satellite would be named after the doge coin. The "mission" was going to be paid for in Dogecoin, as well as making history by making Dogecoin the "first coin in space."
The token is Musk's favorite and he's plugged it more than any other coin.
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"Doge coin rulez" is what Musk said.
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Musk is talking about Dogecoin as the people'scryptocurrencies. He told the people that there's no need to own Doge coin.
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Musk is trying to get developers to help build out Doge coin.
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Musk said he would eat a happy meal on TV if McDonald's accepted Doge coin. People would need to acquire Doge coin to use it.
He plugged Dogecoin on Saturday Night Live when it was at its all-time high of 70 cents, but it has since fallen to around five cents.
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Musk said he would continue to support Doge coin.
He replied "I am" when he was asked to buy more.
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As a result of Musk's shout outs, Babydoge and Shiba Inu were both mentioned.
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It appears that Musk views the digital currency as a direct competitor to the US dollar.
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Musk admitted that there are better things to invest in, even though he still believes in the benefits ofCryptocurrencies.
He appears to be correct after looking through his history. He doesn't tell people to invest in cryptocurrencies.
"Cryptocurrencies are promising, but please invest with caution!" said Musk.
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