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"Some cryptocurrencies have value, but most are scams."
Elon Musk made the above statement while explaining cryptocurrency to the jury.
Previously, OpenAI briefly discussed raising funds through an ICO (Initial Coin Offering) when it was still a non-profit organization in 2018.
When asked about this, Musk gave the above evaluation.
This is one of Musk's most direct recent comments on cryptocurrencies in a public court.
He also mentioned that Bitcoin and Dogecoin had positive associations (Tesla previously held Bitcoin, and he has publicly supported Dogecoin multiple times), but overall he believes that "most cryptocurrency projects are scams."