Musk: I don't promote cryptocurrency, but Bitcoin does have its advantages

Musk: Bitcoin does have its advantages

Tesla CEO Elon Musk attended X Takeover hosted by Tesla's Silicon Valley Owner Community on Sunday. In this one hour discussion, topics such as technology, space exploration, and sustainability were discussed. During the process, Musk was also asked about his latest views on Bitcoin.

Musk said during the discussion:

I don't plan to promote cryptocurrency - at most it's just a joke. If you see me promoting cryptocurrency, it's definitely not me. I think Bitcoin does have its advantages, and other cryptocurrencies may also have them. I also have a good impression of Dogecoin because I love dogs and memes

In addition, Musk emphasized that anyone who sees any news or opinion related to cryptocurrency about him must double check whether the content is true. Musk added:

X may need to generate community notes faster to help clarify distorted tweets and videos

Musk and Trump

Musk and his presidential candidate Trump both took a positive position on cryptocurrency. It was even reported that Musk had discussed cryptocurrency policy with Trump before. However, Musk himself refuted such rumors at the time, stating in an article on X:

I am certain that I have never discussed cryptocurrency with Trump, although I generally support measures that can transfer power from the government to the people, and cryptocurrency can do that

Trump's speech at the Bitcoin 2024 conference met the expectations of many cryptocurrency supporters. In his speech, Trump promised that after his election, he would fire Gary Gensler, chairman of the Securities and Exchange Commission, prevent the United States from selling its Bitcoin position, and include Bitcoin into strategic reserve assets.

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