Hours ahead of Elon Musk’s appearance on Saturday Night Live, the Tesla (NASDAQ:TSLA) CEO appeared intent on cooling the flurry of hype he’d created around the meme cryptocurrency Dogecoin (DOGE).
Months of light-hearted build-up lead to a sobering punchline on Thursday, as Musk reminded TMZ viewers that cryptocurrency investments remained speculative. Responding to whether he thought Dogecoin was made less valuable by the fact of its inflationary supply, Musk conceded that this was the case, adding: