Elon Musk, the CEO of companies like Tesla and SpaceX, has made headlines for his involvement in the world of cryptocurrency. While some of Musk’s companies hold bitcoin on their balance sheets, it is unclear how much he personally believes in the cryptocurrency.
In a recent interview broadcast on YouTube, Musk shared his thoughts on bitcoin, stating that he sees “some merit in bitcoin, and maybe some other crypto.” However, he also mentioned that his soft spot lies with dogecoin (DOGE), a meme-inspired cryptocurrency.
Despite his mixed feelings about bitcoin, Musk’s influence on the cryptocurrency market cannot be denied. His tweets and public statements have been known to cause fluctuations in the prices of various cryptocurrencies, making him a controversial figure in the industry.
Whether Musk’s interest in cryptocurrency will continue to grow remains to be seen, but for now, his impact on the market is undeniable.
