Elon Musk said most cryptocurrencies are scams during testimony in his lawsuit against OpenAI, where past plans for an ICO also surfaced, as reported by New York Times journalist Mike Isaac.
Elon Musk explaining what cryptocurrency is to the jury: “Some of them have merit, but most of them are scams.”
this is responding to early emails where OpenAI discussed holding an ICO, or initial coin offering, in order to fund the company.
(back then, ICOs were en vogue…)
— rat king 🐀 (@MikeIsaac) April 29, 2026
The tech mogul and vocal Dogecoin fan has confirmed in multiple interviews that he personally owns Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
Tesla, his electric vehicle company, also holds Bitcoin…
