Musk has stressed that he will not promote any cryptocurrencies, warning investors to be wary of deepfake videos
On July 29th, according to U.Today, Musk participated in the X Takeover podcast show of the Tesla Owners Silicon Valley Club. In the show, Musk affirmed the merits of bitcoin and other cryptocurrencies, but stressed that he does not promote any cryptocurrencies. He admitted that he prefers Dogecoin because he likes dogs and memes, but insisted that any promotion is just a joke. He also warned that the video showing his support for cryptocurrencies is likely to be a fake deepvideo. Although Musk has not mentioned Dogecoin on Twitter recently, his companies Tesla and SpaceX still accept Dogecoin to pay for goods, and he plans to continue the DOGE-1 moon landing mission.