Summary:
Elon Musk mentions XRP for the first time, stirring excitement among fans.
His comments are not an endorsement of XRP, but a general view on crypto.
Musk believes crypto supports individual freedom against centralized control.
He prefers Dogecoin for transactions over Bitcoin, citing its suitability.
Musk warns against believing in any crypto endorsements from him, as they could be deepfakes.
Elon Musk has recently mentioned XRP for the first time during a town hall in Pittsburgh, sparking excitement among the XRP Army. However, his comments might not align with the expectations of XRP supporters.
"Not endorsement of XRP"
Musk was questioned about the potential integration of XRP Ledger into financial institutions amidst the ongoing SEC opposition. Instead of an endorsement, he shared his thoughts on cryptocurrencies as a whole, stating they are an "interesting and probably valuable bulwark against centralized control." He emphasized that his comments were not an endorsement or a rejection of XRP, but he believes that crypto inherently supports individual freedom.
Elon Musk, Dogecoin and Crypto in General
Known for his backing of Dogecoin, Musk expressed his belief that DOGE is better suited for payments than Bitcoin. He has previously stated he wouldnât promote any cryptocurrency unless jokingly, warning that any videos of him endorsing a crypto would likely be a deepfake. Nonetheless, he acknowledges the merit of Bitcoin and other cryptocurrencies. His companies, Tesla and SpaceX, still hold Bitcoin and accept Dogecoin for merchandise.
Cover image via U.Today
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