Elon Musk Discusses His Views on Bitcoin and Dogecoin on the X Takeover Podcast

Elon Musk recently appeared on the X Takeover podcast hosted by Tesla Owners Silicon Valley, where he discussed his views on Bitcoin and other cryptocurrencies.

Elon Musk recently graced the X Takeover podcast, hosted by Tesla Owners Silicon Valley, where he shared his thoughts on Bitcoin and other cryptocurrencies. Musk expressed that he sees some value in Bitcoin and other cryptos but clarified that he has no intention of actively promoting any of them.

Despite his strong support for Dogecoin, which stems from his love for dogs and memes (as highlighted in some CNF coverages), he emphasized that any promotion he might engage in would be done in a joking manner. Musk also warned against videos showing him endorsing crypto, stating that such videos are likely deepfakes.

Collin Brown encapsulated Musk’s sentiment perfectly in a tweet, writing that Musk sees merit in Bitcoin and possibly other cryptos and has a soft spot for Dogecoin because he likes “dogs and memes,” but he doesn’t intend to promote any crypto seriously—only in a joking way.

Elon Musk said on the podcast that there’s merit in #Bitcoin and possibly some other cryptos. He has a soft spot for the original meme cryptocurrency, #Dogecoin, because he likes “dogs and memes” ??. However, he doesn’t intend to promote any crypto seriously—at most, he might… pic.twitter.com/JDtMDlzCF2

— Collin Brown (@CollinBrownXRP) July 29, 2024

Moreover, some prominent Dogecoin army accounts amusingly interpreted Musk’s comments as humorous support for DOGE, sharing his quotes and memes from the animated movie “The Lion King” in their tweets.

According to a tweet by Tesla Owners Silicon Valley, they expressed their immense gratitude to Musk for joining the podcast, highlighting his passion for innovation and genuine care for his community at Tesla and SpaceX. Sir Doge of the Coin also tweeted Musk’s statement:

I’m not going to be promoting crypto—at most, in a joking way. If you see me pumping crypto, it’s not me. I do think there’s merit in Bitcoin and maybe some other cryptos, and I’ve sort of got a soft spot for Dogecoin because I like dogs and memes.

While Musk’s frequent tweets about Dogecoin on X may have had a hand in the coin’s rise, he remains a supporter, with Tesla and SpaceX accepting DOGE for merchandise and planning the DOGE-1 moon mission. For instance, a recent tweet from the account Tesla Owners Silicon Valley expressed heartfelt gratitude for Musk joining them at @theXtakeover and acknowledging Bitcoin’s merits, which held great significance for their community.

.@elonmusk ,

I wanted to take a moment to express my heartfelt gratitude for joining us at the @theXtakeover ! It truly meant a lot to our community that you took the time out of your busy schedule to attend this event. You not only demonstrate a passion for your innovative… pic.twitter.com/fIxuP211pL

— Tesla Owners Silicon Valley (@teslaownersSV) July 28, 2024

Previously, Musk’s tweets had a substantial impact on Dogecoin’s price. For example, one of our earlier coverages on Dogecoin investors highlighted that Twitter and Elon Musk stop crypto wallet development – DOGE drops sharply. According to today’s CoinMarketCap data, Dogecoin (DOGE) is trading at the price of $0.1285 with a decrease of 1.07% in the past day and 6.90% in the past week. View the DOGE price chart below.

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