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Elon Musk says most cryptocurrencies are scams in his testimony before OpenAI
The high-profile lawsuit filed by Elon Musk against Sam Altman and OpenAI began earlier this week. Musk accuses Sam Altman of deviating from OpenAI's non-profit goals to achieve commercial gains. Prominent blockchain investigator Zach XBT criticized Sam Altman's Worldcoin (now known as World), comparing its practices to the scam carried out by Sam Bankman-Fried on the FTX platform.
During his testimony in the OpenAI lawsuit, Elon Musk described most digital assets as scams. Fortune magazine quoted Musk as saying, "Some digital assets have value, but most are scams." This statement comes in response to questions about OpenAI's 2018 plan to issue digital tokens through an initial coin offering (ICO) to fund its non-profit operations.
It is worth noting that Tesla owns 11,509 Bitcoin, while SpaceX holds 8,285 Bitcoin, according to Arcum data. The total value of Bitcoin holdings is approximately $1.54 billion. Elon Musk remains committed to Bitcoin and Dogecoin (DOGE).
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