Elon Musk attended a Twitter Spaces session for FTX. Musk’s comments included FTX, FTX CEO Sam Bankman-Fried and Dogecoin (DOGE). Elon Musk excited the community by saying “Dogecoin to the Moon”. Here are the details…
Elon Musk talked about FTX
Koindeks.com As we have also reported, news of a hack attack on FTX began to emerge. Just hours after the hack began, Musk tweeted, “The FTX meltdown/loot is being watched in real-time on Twitter.” He also responded to a post from crypto entrepreneur Sam Altman with a chest addressed to former FTX CEO Sam Bankman-Fried.
Now, Musk has joined a Twitter Spaces talk with over 60,000 listeners to discuss the FTX hack and share his intentions about Bankman-Fried. “Honestly, I’ve never heard of [SBF’s] name,” Musk said, using the following terms:
But then there were a lot of people who told me that they had a huge amount of money they wanted to invest in the Twitter deal. Then I talked to him for about half an hour. I remember my bullshit meter crossed the red line. Supposedly, this guy was bullshit – that was my impression. That’s when I said that he was acting like he supposedly had billions of dollars, as if everybody was talking about him, including the big investment banks. Something was wrong and I realized that he didn’t have the capital, that he couldn’t handle the job.
Musk: There is a future for Dogecoin, Bitcoin and Ethereum
Musk also advised listeners to keep their cryptos. He said they should keep their cryptocurrencies in cold wallets, not exchanges. “I’ll say again that if you have cryptocurrency, you should keep it in a directly accessible cold wallet,” he said. He said it would be “wise” to keep funds in a cold wallet rather than an exchange. “It’s okay if you keep Bitcoin, Ethereum and Dogecoin in a cold wallet,” he said. Musk uses the following terms:
I think there is probably a future for Bitcoin, Ethereum and DOGE. I can’t talk about the others. But if you keep one of these three coins in a cold wallet, I guess it will work fine.