According to Fortune magazine, Musk stated at an OpenAI hearing that "some cryptocurrencies make sense, but most are scams." This statement stemmed from court inquiries regarding OpenAI's 2018 ICO fundraising plans. OpenAI claims Musk supported the ICO fundraising plan, which involved establishing a for-profit subsidiary. Musk previously spearheaded Tesla's $1.5 billion Bitcoin purchase, but Tesla sold 75% of its holdings in mid-2022.😱😱😱
May 7, 2026 216
