Elon Musk Warns Against Betting Big on Meme Coins: "A Fool’s Game"
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March 1, 2025 8:29 PM
In Brief
Elon Musk called meme coin investing a "fool's game" in a recent Joe Rogan podcast interview.
He advised against risking life savings, saying meme coins are for fun, not serious investment.
Speaking on the Joe Rogan podcast, Elon Musk shared his thoughts on the meme coin craze, warning that it resembles a musical chairs game, where the last one to sit loses everything.
Musk, who has previously influenced meme coin markets with Dogecoin-related tweets, clarified that while it’s okay to have fun with meme coins, investors shouldn’t risk their entire fortune on them. His comments come amid declining meme coin issuance on Solana and increased regulatory scrutiny on speculative digital assets.
Despite Musk’s warning, meme coins remain highly volatile assets, often driven by hype and social media trends rather than fundamental value.
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