Elon Musk reportedly labels most cryptocurrencies as 'scams'

Elon Musk, widely seen as a crypto champion, just declared in a court hearing that "most cryptocurrencies are scams." This shocking statement comes from the same individual whose company, Tesla, bought billions in Bitcoin and whose tweets famously pumped Dogecoin. How can someone who so heavily influenced the market now dismiss the majority of it as fraudulent? Does this revelation change your view of his past crypto endorsements, or is it just a convenient legal maneuver?
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