Elon Musk, the CEO of Tesla, who is currently the richest person in the world, has recently explained how he started supporting his favorite crypto and largest dog-themed token in the market, Dogecoin (DOGE).
During an interview with Bloomberg News Editor-in-Chief John Micklethwait at the Qatar Economic Forum in Doha, Musk stated that he grew an interest in supporting Dogecoin (DOGE) after he was encouraged by some people.
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The billionaire tech expert emphasized the fact that he has never convinced anyone to purchase cryptocurrency, as against the lawsuit filed against him.
Elon Musk noted:
“I have never said that people should invest in crypto. In the case of Tesla, SpaceX, and myself… we all did buy some Bitcoin, but it’s a small percentage of our cash and cash assets…
“I also bought some Dogecoin, and Tesla accepts Dogecoin for some merchandise, and SpaceX will do the same.
“And I intend to personally support Dogecoin because I just know a lot of people who are not that wealthy who have encouraged me to buy and support Dogecoin; so, I’m responding to those people… Just people when I walk around the factory at SpaceX or Tesla, they’ve asked me to support Dogecoin; so I’m doing so.”
"I also bought some Dogecoin & I intent to personally support Dogecoin" – Elon Musk in a recent interview. @elonmusk #Dogecoin pic.twitter.com/TgLDbu9zIq
— DogeDesigner (@cb_doge) June 21, 2022
Elon Musk Keeps Supporting Crypto despite Class-Action Lawsuit
Despite a $258 billion class-action lawsuit alleging a crypto pyramid scheme, Elon Musk has continued to showcase his interest in the dog-themed token, Dogecoin (DOGE).
I will keep supporting Dogecoin
— Elon Musk (@elonmusk) June 19, 2022
On Thursday, a New York district court received a class action complaint against Elon Musk and his companies, SpaceX and Tesla, for an alleged Ponzi scheme using DOGE. The lawsuit demanded $258 billion in total monetary damages from Musk while requesting the court to rule DOGE trading as gambling in the United States.
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