Elon Musk Has 'A Soft Spot For Dogecoin,' Warns Followers: 'If You See Me Pumping Crypto, It's Not Me'
Portfolio Pulse from Murtuza Merchant
Elon Musk shared his thoughts on cryptocurrency, expressing a fondness for Dogecoin and acknowledging some merit in Bitcoin. He clarified that he won't be promoting crypto seriously and refuted claims of discussing crypto with Donald Trump. Musk's comments come after the Bitcoin 2024 conference where Trump made bold promises regarding cryptocurrency policies.
July 29, 2024 | 5:28 pm
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NEUTRAL IMPACT
Elon Musk acknowledged some merit in Bitcoin but clarified he won't be promoting crypto seriously. This could lead to a neutral or slightly negative short-term impact on Bitcoin's price.
Musk's acknowledgment of Bitcoin's merit is positive, but his statement about not promoting crypto seriously could temper any potential gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Elon Musk expressed a fondness for Dogecoin but stated he won't be promoting crypto seriously. This could lead to a neutral or slightly negative short-term impact on Dogecoin's price.
Musk's fondness for Dogecoin is positive, but his statement about not promoting crypto seriously could temper any potential gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80