Tesla and SpaceX CEO Elon Musk compared investments in meme coins to casino games on Friday, warning investors against pouring their life savings into such assets.
What happened: During a chat with Joe Rogan on the popular “The Joe Rogan Experience” show, Musk said, “It’s like a casino or something. And then people just do the greater fool theory and like musical chairs, and whoever is the last to sit down loses type of thing.”
Musk stated that expecting to win at the casino is foolish, and so is the case with meme coins.
“You’re not gonna win at meme coins,” Musk emphasized. “Don’t sink your life savings into a …
Full story available on Benzinga.com