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COINTURK NEWS > Cryptocurrency News > Elon Musk Puts an End to Crypto Currency Controversies: “We Will Never Do It!”
Cryptocurrency News

Elon Musk Puts an End to Crypto Currency Controversies: “We Will Never Do It!”

In Brief

  • American entrepreneur and famous billionaire Elon Musk put an end to the discussions by stating that X, formerly known as Twitter, will never release its own cryptocurrency.ContentsElon Musk’s “We Will Never Do It” StatementThere Are Many Crypto Currency Projects Using the Name X/Twitter Elon Musk’s “We Will Never Do It” Statement Elon Musk, an American […]
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American entrepreneur and famous billionaire Elon Musk put an end to the discussions by stating that X, formerly known as Twitter, will never release its own cryptocurrency.

Contents
Elon Musk’s “We Will Never Do It” StatementThere Are Many Crypto Currency Projects Using the Name X/Twitter

Elon Musk’s “We Will Never Do It” Statement

Elon Musk, an American entrepreneur and famous billionaire, stated in response to a user on his social media platform that X, formerly known as Twitter, will never release its own cryptocurrency.

Musk’s statement came in response to a warning from a user named @cb_doge, who cautioned investors against investing in fake tokens or memecoins that appear to be official X crypto currency projects or stories about them.

The user wrote, “Elon Musk and X have never released their own cryptocurrency.” In response to this statement, the American entrepreneur replied, “And we will never do it.”

There Are Many Crypto Currency Projects Using the Name X/Twitter

Not surprisingly, there are a number of low market value crypto currency projects with names associated with X, Twitter, or Musk, such as X/TWITTER, ELON BUYS TWITTER (EBT), CryptoTwitter (CT), TWITTERDOGE (TDOGE), X (X), and others. These crypto currency projects are trap projects that aim to lure investors, and Musk’s statement puts an end to the controversies, indicating that investors should stay away from projects using these names.

Meanwhile, Musk has long been associated with the largest memecoin, Dogecoin (DOGE). At one point, as the owner of X, he even went so far as to replace Twitter’s bluebird logo with the Dogecoin logo, which raised the price of DOGE by over 27% at the time.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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