Elon Musk: I didn’t say I should invest in cryptocurrencies! Talking about the reasons for supporting Dogecoin, Twitter acquisition

At the Qatar Economic Forum hosted by Bloomberg yesterday (21), the world’s richest man, Elon Musk, attended and was interviewed, in addition to talking about the status of Twitter acquisitions, the US recession, Tesla In addition to supply chain issues, he also talked about the issue of cryptocurrencies and the reasons why he supported Dogecoin.

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“I never said that people should invest in cryptocurrencies! As far as Tesla, SpaceX and myself are concerned, we do all hold some bitcoin, but it’s only a small percentage of total cash assets.” Musk said in Bloomberg said in an interview.

So, Bloomberg editor-in-chief John Micklethwait also followed up and asked Musk’s question of always publicly supporting Dogecoin. For this reason, Musk’s reason for supporting Dogecoin: Many people who are not so rich often encourage me to buy and support Dogecoin. Dogecoin. So I am responding to these people.

Additionally, Musk re-emphasized the good news that SpaceX will soon accept Dogecoin payments.

Other highlights:

Twitter Acquisition Question

Musk admitted that there are still some unresolved questions about the acquisition of Twitter: The question now will be whether the debt portion of this round will be consolidated? Will shareholders vote yes?

Under the impact of inflation, the topic of global economic recession

Regarding this issue, Musk bluntly stated that a recession in the U.S. economy is inevitable in some aspects: As for whether there will be a recession in the short term? more likely to occur than not to occur

Tesla layoffs

Musk mentioned more Tesla’s response: Tesla will reduce employee salaries by about 10% in the next three months or so. We want to increase hourly wage casual workers. We used to grow very fast in terms of salaried employees, even a little too fast in some areas

supply chain issues

When asked about Supply Constraints, Musk admitted that this is the biggest obstacle to Tesla’s growth, and it comes from competition from other automakers’ competitors: Our troubles are more about raw materials and scaling up production. ability

Will Trump Support Trump in the Next US Presidential Election?

Musk said: “I haven’t made a decision yet. Likely to put a lot of money into Super PACs

The current mining machine that mines Dogecoin with the highest hash rate is Btmain’s L7.


Post time: Aug-19-2022