Elon Musk Discusses Bitcoin and Dogecoin on X Takeover Podcast

Elon Musk's Perspective on Bitcoin and Cryptocurrencies

Elon Musk recently participated in the X Takeover podcast hosted on his X social media platform. During the session, he shared his insights on Bitcoin and other cryptocurrencies. Musk acknowledged the potential value of Bitcoin and hinted at the merit of other cryptocurrencies as well. He expressed a particular fondness for Dogecoin, attributing it to his interest in "dogs and memes."

Light-hearted Crypto Promotion

Despite his interest, Musk clarified that he has no intentions of actively promoting any cryptocurrencies. He mentioned that if he ever appears to endorse crypto in videos, it is likely a deepfake. His remarks have been humorously interpreted by the Dogecoin community as a form of light-hearted, indirect promotion.

Musk's Support for Dogecoin

Musk's affinity for Dogecoin remains evident, even though he has refrained from recent posts about it. Notably, both Tesla and SpaceX accept Dogecoin for merchandise purchases in their online stores. Musk also continues to plan the DOGE-1 moon mission, further signaling his support.

Influence on Dogecoin's Market

In previous years, Musk's tweets significantly influenced Dogecoin's market value. However, his ability to affect its price has diminished over time. Additionally, a recent update on Musk's X platform saw the removal of hashmojies for Bitcoin and other cryptocurrencies, which no longer appear when using crypto hashtags.

Musk’s interactions with cryptocurrencies, especially Dogecoin, continue to garner attention, reflecting his unique blend of influence and humor within the tech and crypto communities.