Elon Musk on crypto: I never said that!

Elon Musk has spoken at the Qatar Economic Forum in Doha. Where Musk speaks there is news. In this case about Trump, crypto, Twitter and the economy.

Also in Qatar, the CEO of Tesla is quite a gentleman, so if there is an Economic Forum, Elon can speak. Via video connection, yes, because flying all the way to the other side of the world is of course not like Tesla.

Elon Musk crypto

In his video interview with the Bloomberg editor-in-chief John Micklethwait in Qatar discussed a lot. The bloodbath in the crypto market was also discussed. Elon Musk has often spoken out about cryptocurrency in the past and not just about Bitcoin.

So we can say that he has also influenced the market, perhaps not on purpose, but if you have influence and have money in it yourself, that can be quite interesting. For example, last year he swore with SpaceX to literally place a Dogecoin on the literal moon. Whoops, 35 percent price gain. He later mentioned “Baby Doge” in a tweet and then the Baby Doge Coin shot up 90 percent.

I never said that!

Last summer, the billionaire admitted to owning Bitcoin, Ethereum and Dogecoin. But he denies ever advising him to invest in this like him:

I never said people should invest in crypto (…) In the case of Tesla, SpaceX and myself, we’ve all bought some, but it’s a small percentage of our total cash assets.

So he didn’t mean it all that way. He meant that he invests in it, in Bitcoin and Dogecoin. Can Elon help everyone following and imitating him? The fact that Musk says on Twitter that he will continue to support Dogecoin does not mean that he thinks you should buy it. Just so you know.

Twitter

The best man’s Twitter soap was also briefly discussed in the interview with Bloomberg. There are still some things that need to be resolved before Elon Musk actually comes to the acquisition. In addition, the shareholders also have to agree.

Recession in America

Another thorny issue is that the Tesla CEO has had a “bad feeling” about the economy for some time now. He believes bad economic times are coming and that inevitably means a recession in America, he says. He has already started to cut Tesla’s personnel costs. In the next three months, a ten percent cut in personnel costs must be made.

Donald Trump

As a bouncer, The Donald. Aspiring buyer of Twitter Elon Musk has already indicated that President Trump can return to Twitter as far as he is concerned. If he owns it. When asked by Bloomberg whether he also supports Donald for a possible re-election in 2024, Musk answers that he is not yet sure.