Musk: I have a soft spot for Dogecoin! Bitcoin and cryptocurrencies have advantages but will not be promoted

This site (120BtC.coM): "Bitcoin Conference 2024" ended successfully over the weekend. Although Tesla CEO Elon Musk did not make a surprise appearance, he talked about it in another public occasion Cryptocurrency.

On July 28, local time, Musk participated in an event hosted by the "Tesla Silicon Valley Owners Club" via video. During the hour-long conversation, he discussed technology, space exploration and Sustainability and other topics, and was asked about his latest views on Bitcoin. Musk said: I will not promote cryptocurrency, at best I will just joke. If you see me touting cryptocurrencies, that’s not really me. I do think there are some merits to Bitcoin and other cryptocurrencies, and I have a soft spot for Dogecoin (DOGE) because I love dogs and Meme.

Musk threatened in March this year that Tesla would allow “Dogecoin to buy electric cars” “at some point in the future.” He then did not forget to express optimism about the prospects of Dogecoin, shouting “ Dogecoin flies to the moon."

In May this year, Musk refuted reports that he and Republican presidential candidate Donald Trump "discussed cryptocurrency." He noted at the time: To be sure, I have never discussed cryptocurrency with Trump, but I am in favor of transferring power from the government to the people, and cryptocurrency can do that.

Trump reiterated his firm support for cryptocurrency at the "Bitcoin Conference 2024" on Saturday, threatening to establish a strategic Bitcoin reserve if elected and "never sell it", and said he would expel the United States immediately after taking office Securities and Exchange Commission (SEC) Chairman Gary Gensler.

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