Elon Musk Issues ‘Foolish’ Crypto Price Warning As Memecoin Crash Threatens Bitcoin

Elon Musk is currently battling to reduce the “terrifying” $36 trillion U.S. debt through his dogecoin-inspired Doge department of government efficiency, fueling wild bitcoin adoption speculation.
The bitcoin price, which soared in the aftermath of president Donald Trump’s November U.S. election victory, has dropped back as fears swirl U.S. tariffs could hit the global economy—with some analysts warning a recent bitcoin price plunge could be just getting started.
Now, as Musk confirms he wants to put the U.S. Treasury on bitcoin and crypto blockchain technology, the Tesla billionaire has warned those expecting to "win" through betting on so-called memecoins are being “foolish"—as a memecoin crash threatens the bitcoin price rally.
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