The post Elon Musk’s BTC & DOGE Comments; Minotaurus (MTAUR) Update appeared on BitcoinEthereumNews.com.

Elon Musk’s recent comments on Bitcoin (BTC) and Dogecoin (DOGE) may influence their price direction, given his past track record. Musk warned against scams using his likeness and clarified he won’t actively promote cryptos. Minotaurus (MTAUR) is noted for its strong potential, with successful audits and promising development in the gaming niche. In the past Elon Musk’s remarks have had tangible impacts on the value of cryptos, and as such his current comments regarding Bitcoin (BTC) and Dogecoin (DOGE) have the potential to cause price movements. Tesla CEO’s odd relationship with digital money has made him an unlikely, but important, influencer for market participants. “If You See Me Pumping Crypto, It’s Not Me” Elon Musk reiterated his love for Dogecoin (DOGE) this week, continuing their seemingly never-ending affair. He also went on to express a positive opinion on Bitcoin (BTC) as well as other cryptos, finding “some merit” in them. At the recent X Takeover 2024 event in San Luis Obispo, California, he said “I do think there’s some merit in Bitcoin… I sort of have a soft spot for Dogecoin, because I just like dogs and memes.” Asserting, “I’m not going to be promoting crypto—at most, in a joking way.”, the 53-year-old addressed the misuse of his name amid crypto frauds. He cautioned that all advertising material featuring his likeness or other endorsements was probably fake. From Twitter account hacks to advanced deepfake ads, scams featuring Musk’s distinctive look have caused notable losses across the market. This seemed to affect the South African native so much that it might have played a part in his acquisition of Twitter, now X. Musk warned X users to always double-check ads and to be “cautious” about crypto scams. While he has fluctuated in his opinion on cryptocurrencies as a whole, he continues…

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Filed under: News - @ July 31, 2024 1:14 pm