Elon Musk denies a call to buy cryptocurrency after being sued over an alleged Dogecoin pyramid scheme. During an interview at the Qatar Economic Forum, the billionaire said that he has “never said that people should invest in crypto.”
“In the case of Tesla, SpaceX, myself, we all did buy some Bitcoin, but it’s a small percentage of our total cash assets,” Musk stated.
Earlier, he promised to support DOGE. He did it once more at the event.
“I said I support Dogecoin. And I’m doing that,” the billionaire noted.
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DOGE rallied after Musk reiterated its support on Twitter last weekend, stating that he was continuing to accumulate meme coins amid huge losses. As a result, the token jumped and was trading at $0.069402 at the time of publication, representing a 16.23% gain for the last 24 hours. And Dogecoin’s value keeps going up.
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