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Elon Musk, serial technology entrepreneur and CEO of Tesla, SpaceX, and many other innovative companies, recently talked about Ripple-related cryptocurrencies while answering questions from the audience after a speech at Pittsburgh City Hall. You mentioned XRP.
Many XRP fans responded enthusiastically in the comments section, with some even suspecting that Musk is a secret XRP supporter.
“We do not endorse XRP”
In a recent speech at Pittsburgh City Hall, X owner Elon Musk said that given the level of opposition from the SEC under the current administration, he believes the XRP Ledger will soon be incorporated into financial institutions in the future. I was asked if
Instead of saying anything specific about XRP, Musk shared his views on cryptocurrencies in general. The tech mogul said he believes cryptocurrencies are “an interesting and perhaps valuable bulwark against central control.”
Musk hastily added that this is “in no way endorsing or not endorsing XRP.” However, he stressed that he believes that “cryptocurrencies, by their very nature, lend themselves to individual freedom.”
Elon Musk, Dogecoin, and virtual currencies in general
Elon Musk is best known for supporting Dogecoin, the original meme cryptocurrency created by Billy Marcus and Jackson Palmer based on Bitcoin code and launched in December 2013 as a parody of BTC. It is being Musk has admitted to DOGE many times because of the dogs and memes he has admitted to being attracted to. He has a Shiba Inu named Floki, which inspired the creation of the 2021 FLOKI meme coin.
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Musk believes Dogecoin is the nation’s currency and thinks it is much better suited for payments than Bitcoin. In July, Musk said on a podcast that he doesn’t promote cryptocurrencies unless it’s a joke. He warned the community that if they saw a video of him endorsing cryptocurrencies, it would be a deepfake.
In the same podcast, he said he believes there is merit in Bitcoin and perhaps other cryptocurrencies as well.
His companies, Tesla and SpaceX, still hold the Bitcoin they bought in 2021 and also accept Dogecoin to purchase goods.
