🕵️ Musk: “Some Crypto Assets Have Merit, but Most of Them Are Scams”



According to Fortune, during his lawsuit against OpenAI, Elon Musk stated that “some crypto assets have merit, but most are scams.” This comment was made in response to inquiries about OpenAI’s 2018 plan to issue tokens via an ICO to fund its nonprofit operations. Despite his past support for the sector, including Tesla’s $1.5 billion Bitcoin purchase in 2021 and his influence on Dogecoin, Tesla sold about 75% of its crypto holdings in 2022. #regulation

$BTC $ETH
BTC2.21%
ETH1.43%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • 7
  • Share
Comment
Add a comment
Add a comment
DoNotTouchTheLiquidationLine.
· 04-30 23:16
The part he praised as having merit, isn't it just the part he hasn't sold out yet?
View OriginalReply0
WeekendGatekeeper
· 04-30 22:16
Elon Musk's words sound like he's trying to save face, after all, Tesla's 75% liquidation is quite awkward.
View OriginalReply0
APeacockSpreadingItsTailLooks
· 04-30 19:54
'Some have merit'——Classic nonsense literature, saying it is the same as not saying anything
View OriginalReply0
GateUser-673fb6fa
· 04-30 19:53
Regulatory labels are cleverly applied; it seems that the big shots are all paving the way for themselves.
View OriginalReply0
ALampInMistyValley
· 04-30 19:36
From calling out Dogecoin to "most of it is a scam," this shift is even more volatile than BTC.
View OriginalReply0
GateUser-cf218ace
· 04-30 19:35
If OpenAI had actually done an ICO back then, it would probably be a complete mess now.
View OriginalReply0
  • Pin