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International Business Times
International Business Times
Business
Marvie Basilan

Elon Musk Dodges $XRP Question, Says Crypto A Probable 'Bulwark' Against Centralization

Elon Musk, the founder of Tesla and SpaceX, speaks at a town hall event for presidential nominee, Donald J. Trump in Pennsylvania. (Credit: Getty Images)

KEY POINTS

  • Musk said his comments didn't amount to an endorsement or a lack of endorsement for $XRP
  • Many crypto users noticed how Musk seemed rattled about the question on one of the world's top cryptocurrencies
  • Some users noted how the X owner 'endorsed' Bitcoin and $DOGE but not $XRP

Tech mogul Elon Musk dodged a question on whether he believes the XRP Ledger, a decentralized public blockchain, will be integrated into the financial system in the future. However, he spoke broadly on crypto, saying he believes that cryptocurrency "is an interesting and probably valuable bulwark against centralized control."

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