Elon Musk and Ripple's XRP: Maintaining Neutrality
Elon Musk, the influential CEO of Tesla and supporter of Dogecoin (DOGE), recently attended a Trump rally in Pennsylvania. During the event, an attendee inquired about Musk's stance on Ripple's XRP.
Musk's Response on XRP
In response, Musk expressed his general views on cryptocurrencies, stating:
"I'm not actively involved in cryptocurrencies, but I find them intriguing. The most valuable aspect is their potential to counter centralized control."
Regarding XRP specifically, Musk remained neutral, saying:
"This doesn't imply approval or disapproval of XRP. However, I do believe crypto inherently promotes individual autonomy."
Musk's Cryptocurrency Involvement
Despite Musk's advocacy for cryptocurrencies like DOGE and Bitcoin (BTC), his companies, Tesla and SpaceX, continue to hold Bitcoin purchased in 2021. Additionally, Tesla accepts DOGE as payment for its products.
Disclaimer
Please note that this information is not intended as investment advice. It is crucial to conduct your own research and exercise caution when making investment decisions.