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International Business Times
International Business Times
Business
Marvie Basilan

Elon Musk Acknowledges 'Merit In Bitcoin,' Bares 'Soft Spot' For $DOGE

Elon Musk Bitcoin Donald Trump Crypto Tesla Inc. RFK Jr
Tesla CEO Elon Musk speaks at the 27th annual Milken Institute Global Conference at the Beverly Hilton in Los Angeles in May 2024. (Credit: AFP)

KEY POINTS

  • The Tesla CEO said he will, 'at most' promote crypto 'in a joking way'
  • He noted that he remains a huge fan of $DOGE because he likes dogs and memes
  • His comments were made after Donald Trump's Bitcoin 2024 keynote address

Tech titan Elon Musk has not said much about Bitcoin in the past, even as he is a known huge fan of the memecoin Dogecoin ($DOGE), but in a recent virtual appearance, he acknowledged that there is, at least, "some merit" in the world's largest cryptocurrency by market value.

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