Musk Calls Most Cryptocurrencies Scams During OpenAI Trial Testimony

Elon Musk said that some cryptocurrency has value but most of it is a scam during testimony in his case against OpenAI in Oakland, California. The questioning focused on OpenAI’s early consideration of raising funds through an ICO. Tesla later reduced its Bitcoin holdings by 75% in 2022, and the latest financial report shows about 11,509 BTC with a book value of about $786 million.

BTC0.7%
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