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
As Cryptokoin.com reported, news of a hacking attack on FTX began to emerge. Just a few hours after the hack began, Musk tweeted, “FTX meltdown/loot is being tracked in real time on Twitter.” He also responded to a post from crypto entrepreneur Sam Altman with a meme for 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 thoughts on Bankman-Fried. “Honestly, I’ve never heard of [SBF],” Musk said, using the following statements:
But then there were a lot of people who told me 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. It was as if this man was being silly – that was my impression. I said at the time, he was acting like he 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 cryptocurrencies in cold wallets, not exchanges. “Let me say again that if you have cryptocurrency, you should have 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 expressions:
I think there is probably a future for Bitcoin, Ethereum and DOGE. I can’t really talk about the others. But if you keep one of these three coins in a cold wallet, I guess it will work fine.
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