Elon Musk Says He Never Encouraged Investing in Cryptocurrencies

Right or wrong, Elon Musk is considered one of the most influential individuals in the crypto ecosystem. Only the statements of a capricious billionaire can cause the price of a cryptocurrency to rise or fall. It is therefore logical that his recent remarks that he “never encouraged people to invest in crypto” surprised many specialists in the sector.

Elon Musk made such a statement during a press conference organized by Bloomberg on Tuesday, June 21, as part of the economic forum held in Qatar. A simple suggestion that has not gone unnoticed comes from an influential figure known for his interest in cryptocurrencies.

If Elon Musk never openly called for the purchase of cryptocurrencies, nevertheless, he often showed interest in blockchain technology.

Elon Musk’s romance with cryptocurrencies is complicated. The boss of Tesla and SpaceX regularly spoke out harshly about this. In February 2021, Tesla announced that it would invest $1.5 billion in bitcoin. An announcement that spurred the course of this cryptocurrency.

The Tesla boss also confirmed that the well-known brand of electric vehicles could accept bitcoin as a means of payment before turning things around dramatically in May, deeming the creation of the cryptocurrency too polluting.

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