Credit: Original article published by Crypto Briefing Blog.

Elon Musk thinks that crypto could be the future, though he’s unsure whether Dogecoin will be the winning currency. He also warned against speculation. 

Musk Clarifies Crypto Stance 

Elon Musk has clarified his stance on cryptocurrencies. 

In a recent video clip, Musk appeared to address questions from fans regarding his thoughts on crypto. He said: 

“There’s a good chance that crypto is the future currency of earth.” 

Originally posted by The Hollywood Fix, the clip was taken outside of LA restaurant BOA Steakhouse on Friday night. Musk shared his thoughts while signing autographs for the fans. 

He said that there could be “multiple” cryptocurrencies that last in the long run. He also warned about the risks of investing in a speculative asset class. One fan replied, “so, disposable income is OK?”

Musk replied by urging him not to “bet the farm on crypto.” 

When asked about Dogecoin, he said that “fate loves irony,” referring to the currency’s inception as a joke project. Musk used the same phrase in a Clubhouse stream last week. During that discussion, he said that Bitcoin was close to reaching “broad acceptance.

Musk has been known for his advocacy of cryptocurrencies, most notably Dogecoin. Several posts on his Twitter page have helped pump the token’s price, and the Bitcoin market also responded by pumping the asset’s price by 20% when he changed his bio to read “#bitcoin.” 

To date, Musk’s thoughts on crypto have largely been taken as a joke. Based on his comments in the latest video clip, however, he may genuinely see a future where crypto is used by billions of people worldwide. 

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CryptosOnline.com does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency

Categories:

Tags:

Comments are closed

Translate

Mine Pi From Your Cellphone

Mine Pi Now! - Use our username (cryptosonline) as your invitation code.

Visit Our Other Websites

EdgyBranding.com - Premium Domain Names.

Notezi.com - Social Network

ParisArtwork.org - Mid-century Paris, tokenized on the WAX blockchain.

Dexize.com - Ultra-Priviate DEX.

ClassicAutomobile.org - Classic Automobile News.