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00:00Over the weekend you tweeted your support of one crypto currency. You've seen the kind of carnage that has been happening in crypto currencies at the moment. What is happening. And do you still think people should should invest. Or is it a more selective approach. Well I have never said that people should invest in crypto. In the case of Tesla Space X myself SpaceX and Tesla did buy some bitcoin but it's a small percentage of our total cash and their cash assets. So it's not all that significant. I also bought some dogecoin and Tesla accepts those coins for some merchandise and space x the same. And I intend to personally support dogecoin because I just get a lot of people who are not that wealthy you know who have encouraged me to buy and support those coins. So I'm responding to that. Those people just people would not want to walk around the factory. It's Space X or Tesla. They've asked me to support Dogecoin. So am doing so. And I think it's come down a lot. It's down about 80 90 percent or is down a lot. And that's the reason why you you came out and said that you still thought there was value there. I said I support Dogecoin and I'm doing that.

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Musk: ‘I Have Never Said People Should Invest in Crypto’

Tesla Inc. CEO Elon Musk discusses cryptocurrency and his continued personal support for Dogecoin. He speaks with Bloomberg News Editor-in-Chief John Micklethwait at the Qatar Economic Forum. Qatar’s Ministry of Commerce and Industry, Qatar Investment Authority and Investment Promotion Agency Qatar are the underwriters of the Qatar Economic Forum, Powered by Bloomberg. Media City Qatar is the host organization. (Source: Bloomberg)

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