Tesla and SpaceX CEO Elon Musk reiterated his support for the Dogecoin cryptocurrency, albeit evasively, at this year’s Qatar Economic Forum in Doha.
“I intend to personally support Dogecoin, because I just know a lot of people who aren’t that rich and encouraged me to buy and support Dogecoin – so I reply to those people“, he said, in a video interview with Bloomberg News editor John Micklethwait.
Elon Musk claimed in the interview that it was his own employees who asked him to support Dogecoin, or in his words: “People, when I walk around the factory of SpaceX or Tesla, ask me to support Dogecoin, and that’s what I do.”
JUST IN: “I have never said that people should invest in crypto. In the case of Tesla, SpaceX, myself, we all did buy some Bitcoin, but it’s a small percentage of our total cash assets,” says Elon Musk https:/ /t.co/BLcp2WIvub #QatarEconomicForum #منتدى_قطر_الاقتصادي pic.twitter.com/R1ZfRGxWBR
— Bloomberg Live (@BloombergLive) June 21, 2022
Elon Musk has said that he personally owns Dogecoin, and his statements on Twitter regarding the cryptocurrency have often driven its price up. Earlier this year, he announced that Tesla and SpaceX would accept payments in Dogecoin for certain goods.
This week, Bloomberg reported that Elon Musk, Tesla and SpaceX are facing a $258 billion lawsuit, which alleges Musk was part of a Ponzi scheme to back cryptocurrency.
“I never said people should invest in cryptocurrencies“, Musk told the Qatar Economic Forum. He added that “SpaceX, Tesla, and I have all bought bitcoin, but it’s a small percentage of our total cash, so not that important.”
Twitter: Will he? Won’t he?
Cryptocurrency enthusiasts closely watched Musk’s attempt to buy Twitter this year. Musk has openly stated that if the deal is finalized, he would likely integrate “payments into Twitter so it’s easy to send money back and forth,” adding that it would include “currency as well as crypto .”
In April, Twitter accepted Musk’s $44 billion takeover offer, but the CEO appears to have had cold feet so far. The following month he said the operation was “temporarily on hold” until he could verify that less than 5% of Twitter users were fake.
Musk confirmed to the Qatar Economic Forum that there are still “unresolved questions” regarding the agreement. Twitter responded to his concerns earlier this month by giving him access to data comprising every tweet posted on the platform, so he could independently verify the extent of bot activity.
Elon Musk also told the Qatar Forum that even if the deal does not go through, he will continue to “drive the product” at Twitter, although the form that its contribution will take remains unclear. Either way, he’ll definitely talk about it on Twitter.