“I have never said that people should invest in cryptocurrencies. In the case of Tesla, SpaceX, myself, we all buy some Bitcoin, but it’s a small percentage of our total cash assets.. So it’s not that significant. I also bought some Dogecoin and Tesla accepts that coin for some merchandise,” he stated.
At the same time, he reiterated his support for the meme cryptocurrency: “I intend to personally support Dogecoin.” “I have been asked to support Dogecoin. So I am doing it. And I think he’s gone down a lot. It’s down 80, 90%… I said I support Dogecoin and I am.”
Recently, the CEO was denounced for promoting an alleged pyramid scheme caused by the cryptocurrency complaint was made by an investor named Keith Johnson, who says he lost money after investing in cryptocurrency and described himself as a “US citizen who got scammed.” Johnson requests that his complaint, filed in a New York court, be classified as a class action lawsuit on behalf of those who have suffered losses by investing in Dogecoin since 2019.
Source: Ambito
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