The interview likely raised a few eyebrows. Did Elon really never say to invest in crypto?
There are a couple things to keep in mind when deciphering his comments.
First, there’s an ongoing lawsuit accusing him of running a racketeering enterprise to inflate the price of Doge.
The lawsuit implies that Elon, in his professional role as head of Tesla and SpaceX, sits at the top of a grand pyramid scheme to enrich himself and his companies by defrauding people through Dogecoin.
The SEC also has a history of gunning for Elon by using his own speech against him.
In 2018, he ran afoul of the SEC for tweeting that he was prepared to take Tesla private at $420
. He was bogusly charged with securities fraud, and a court ruled that he had to have lawyers review his tweets before sending them out, a decision he is still fighting
The accusations are far-fetched, but Elon can’t give his enemies any ammo.
For this reason, he has to take a measure of caution when speaking about Doge in a professional capacity, no matter how silly it seems.
That said, as a private citizen, he’s free to back whatever he wants. And there’s nothing he supports more than Doge—for good reason!