Tesla founder Elon Musk said on Wednesday he personally has invested in Bitcoin and other cryptocurrencies but that he does not manipulate or “dump” the digital currencies.
In a wide-ranging online panel discussion that included Twitter and Square founder Jack Dorsey, Mr Musk said he believes in cryptocurrencies as a way to “increase the power of the individual in relation to government,” and that he has invested in ethereum and dogecoin in addition to Bitcoin.
Mr Musk said he loses money when the value of Bitcoin or other cryptocurrencies declines but that he has not been selling despite the volatility.
