Musk: No Promotion of Cryptocurrency, Caution Over Deepfake Videos
Publication Time:2024-07-29 20:16:08
In an episode of the Tesla owners' Silicon Valley Club's X Takeover podcast, founder of Tesla, Elon Musk, expressed his supportive stance on cryptocurrencies while also emphasizing that he would not be promoting any. While he admits to having a special affection for Dogecoin due to its associations with 'dogs' and 'memes', he stresses these preferences are merely in jest and not formal endorsements. Musk also drew attention to a critical issue – videos purporting to show him supporting cryptocurrencies may well be deepfake videos. Deepfake technology can create highly realistic videos that could mislead the public, so investors should be wary of information about cryptocurrencies claiming support from Musk or any other notable figures. Notably, despite recent absence of mentions of Dogecoin on Twitter, Musk's company Tesla and SpaceX continue to accept Dogecoin for product purchases, and he plans to continue executing the DOGE-1 lunar mission. This suggests that while Musk himself is cautious about promoting cryptocurrencies, he continues to support the field through practical action. In essence, the message conveyed by Musk during this interview is that although he personally has a positive view on certain cryptocurrencies, he does not encourage others to invest, but rather advises all investors to remain vigilant against possible deepfake video misrepresentations. Meanwhile, Musk's companies are still exploring and applying in the cryptocurrency field, showcasing his interest and investment in this emerging technology.
Bitcoin
Cryptocurrency
Elon Musk
Dogecoin
Deepfake