😐 Elon Musk on meme coins:

🗣It's like a casino. People play with the theory of the greater fool, like in musical chairs, and the one who is last loses.

💬 However, Musk's position is not entirely dismissive. He acknowledged the origins of Dogecoin, the cryptocurrency he is known to have championed in past years. Reflecting on its beginnings, he noted: "It was like a joke cryptocurrency involving memes and dogs." What started as a carefree experiment has since ballooned into a cultural phenomenon, inspiring a wave of similar coins that mix internet humor with speculative trading. Nevertheless, Musk's recent remarks suggest a change in tone, emphasizing caution compared to the playful enthusiasm he once displayed.

ℹ️But that doesn't stop Musk — he still occasionally shills $PNUT .

➡️Episode with Joe Rogan.