{"id":42099,"date":"2021-05-07T17:30:19","date_gmt":"2021-05-07T14:30:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42099"},"modified":"2025-08-30T21:42:08","modified_gmt":"2025-08-30T18:42:08","slug":"elon-musk-urges-caution-in-cryptocurrency-investing","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/elon-musk-urges-caution-in-cryptocurrency-investing\/","title":{"rendered":"Elon Musk urges caution in cryptocurrency investing"},"content":{"rendered":"<p>Elon Musk warned of the risks of investing in digital assets and urged investors to approach the matter with caution.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Cryptocurrency is promising, but please invest with caution! <a href=\\\"https:\/\/t.co\/A4kplcP8Vq\\\">https:\/\/t.co\/A4kplcP8Vq<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\\\"https:\/\/twitter.com\/elonmusk\/status\/1390522866979033092?ref_src=twsrc%5Etfw\\\">May 7, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;Cryptocurrencies are promising, but please invest with caution,\\&#8221; warned the founder of Tesla.<\/p>\n<\/blockquote>\n<p>Attached to the message was a video from February 2021 in which he described investing savings in digital assets as imprudent. The billionaire noted that those who wish to trade cryptocurrencies can &#8216;have fun&#8217;, and the success of Dogecoin depends on the &#8216;will of the people&#8217;.<\/p>\n<p>Earlier it emerged that Musk would host Saturday Night Live on May 8.<\/p>\n<p><script async src=\\\"https:\/\/telegram.org\/js\/telegram-widget.js?14\\\" data-telegram-post=\\\"forklog\/19070\\\" data-width=\\\"100%\\\"><\/script><\/p>\n<p>In February 2021, Musk o<a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-tweets-about-dogecoin-again-as-the-coin-climbs-nearly-50\">published a series of tweets<\/a> about Dogecoin, after which the cryptocurrency rose in price by nearly 50%.<\/p>\n<p>Tesla <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musks-tesla-invested-1-5-billion-in-bitcoin-the-assets-price-rose-to-44800\">invested $1.5 billion in Bitcoin<\/a>. Musk described these investments as <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-calls-teslas-bitcoin-investment-quite-risky\">&#8216;quite risky&#8217;<\/a> and hinted that it was not his decision.<\/p>\n<p>In April, the electric-vehicle maker <a href=\"https:\/\/u1f987.com\/en\/news\/tesla-sold-part-of-its-bitcoin-holdings-for-272-million\">sold a portion of assets <\/a>in Bitcoin for $272 million.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk warned of the risks of investing in digital assets and urged investors to tread carefully.<\/p>\n","protected":false},"author":1,"featured_media":42100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1217,52],"class_list":["post-42099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-elon-musk","tag-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=42099"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42099\/revisions"}],"predecessor-version":[{"id":42101,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42099\/revisions\/42101"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42100"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}