{"id":28809,"date":"2026-05-01T00:14:00","date_gmt":"2026-04-30T23:14:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=28809"},"modified":"2026-05-01T13:16:42","modified_gmt":"2026-05-01T12:16:42","slug":"elon-musk-crypto-openai","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/elon-musk-crypto-openai\/","title":{"rendered":"Elon Musk&#8217;s Crypto criticism: Fallout from the OpenAI lawsuit"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"most-are-scams-is-the-dogefather-turning-bearish\">&#8220;Most are scams&#8221;: Is the Dogefather turning bearish?<\/h2>\n\n\n\n<p>After calling the founder of OpenAI and Worldcoin <strong>&#8220;Scam Altman&#8221;<\/strong> on X, <strong>Elon Musk<\/strong> is not mincing his words about <strong>cryptocurrencies<\/strong>. During his testimony in the civil lawsuit against OpenAI, the Tesla CEO was questioned about an <strong>ICO (Initial Coin Offering)<\/strong> project considered by the AI company in 2018. His response to the jury was unequivocal: while &#8220;some projects have merit,&#8221; the <strong>vast majority of tokens are nothing but scams<\/strong>. This is surprisingly <strong>brutal<\/strong> rhetoric from the man who propelled <a href=\"https:\/\/investx.fr\/en\/crypto-investing\/buy\/dogecoin\">Dogecoin<\/a> (DOGE) to its <strong>ATH<\/strong> during the last <a href=\"https:\/\/investx.fr\/en\/crypto-news\/clarity-act-crypto-bull-run\/\">bull run<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Elon Musk says most cryptocurrencies are &quot;scams&quot;<a href=\"https:\/\/twitter.com\/search?q=%24SCAM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SCAM<\/a> holders \ud83d\ude02 <a href=\"https:\/\/t.co\/66rVYTU0ml\">pic.twitter.com\/66rVYTU0ml<\/a><\/p>&mdash; \u2102\ud835\udd63\ud835\udd6a\ud835\udd61\ud835\udd65\ud835\udd60\ud835\udd3c\ud835\udd5e\ud835\udd61\ud835\udd63\ud835\udd56\ud835\udd64\ud835\udd64\uea00\ud83e\udd0d (@CryptoEmpressX) <a href=\"https:\/\/twitter.com\/CryptoEmpressX\/status\/2049965836824412232?ref_src=twsrc%5Etfw\">April 30, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>This stance marks a sharp break from his image as a staunch defender of the ecosystem. As the market tries to sustain its bullish <strong>rally<\/strong>, this unexpected statement acts as pure <strong>FUD<\/strong> (Fear, Uncertainty, and Doubt). Obviously, Elon Musk is not targeting Bitcoin, since Tesla still holds a significant portion of its BTC. But is it game over for altcoins?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"a-mysterious-double-game-x-rolls-out-its-trading-terminal\">A mysterious double game: X rolls out its trading terminal<\/h2>\n\n\n\n<p>Yet, behind this frontal attack, Elon Musk&#8217;s strategy remains particularly <strong>mysterious<\/strong>. On the very day of this explosive courtroom statement, the social network X (formerly Twitter) officially deployed the web version of its Cashtags. This new feature transforms the platform into a fully fledged trading terminal, integrating live charts for cryptocurrencies and stocks.<\/p>\n\n\n\n<p>Why heavily criticize the industry while building the ideal infrastructure to capture the market&#8217;s next <strong>breakout<\/strong>? Furthermore, Tesla has not liquidated its <strong>bag<\/strong>: the company still carefully <strong>holds<\/strong> its 11,509 BTC, valued at nearly $800 million. Ultimately, we need to know which projects &#8220;that have merit&#8221; he is actually talking about.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"most-are-scams-which-altcoins-will-survive\">&#8220;Most are scams&#8221;: Which altcoins will survive?<\/h2>\n\n\n\n<p>According to the sharp analysis of Justin Bons, founder of Cyber Capital and a crypto researcher since 2013, the vast majority of altcoins and blockchains are not just immature projects, but actual <strong>structural &#8220;scams&#8221;<\/strong>. In his viral threads on X, Bons ruthlessly dismantles their skewed tokenomics. Indeed, founders and VCs often control over <strong>80% of the staked supply<\/strong> (as seen on Sui, where 84% of staked tokens are in the hands of insiders with no legal lockup), validators remain permissioned via centralized lists (XRP with its Unique Node List, Hedera, Algorand, or Canton), and off chain governance leaves power to a handful of actors.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">1\/16) SUI has a great design, except for its token economics:<br><br>SUI claims to have a capped supply of 10B, with 52% being &quot;unallocated&quot; till 2030<br><br>The problem is that over 7B SUI is being staked right now!<br><br>Over 84% of the staked supply is held by founders! SUI is centralized: \ud83e\uddf5<\/p>&mdash; Justin Bons (@Justin_Bons) <a href=\"https:\/\/twitter.com\/Justin_Bons\/status\/2049861783423160422?ref_src=twsrc%5Etfw\">April 30, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>In short, these projects <strong>promise decentralization<\/strong> and massive utility without ever delivering: they run on disguised Proof of Authority, massive unlocks that pave the way for dumps, and scalability sacrificed for the sake of marketing. This leaves us with an ecosystem where the cypherpunk dream is betrayed for quick profits, turning most tokens into pump and dump tools rather than revolutionary financial infrastructure.<\/p>\n\n\n\n<p>However, a few &#8220;gems&#8221; have a real chance of surviving Musk&#8217;s FUD. These are the scalable and truly decentralized L1s that Bons highlights: those that have solved the blockchain trilemma through sharding <strong>(NEAR, TON, EGLD, XTZ)<\/strong>, effective on chain governance, a high number of permissionless validators (&gt;150), and fair tokenomics.<\/p>\n\n\n\n<p>For its part, Solana, despite past criticisms, continues its journey toward greater decentralization. As for Ethereum, the blockchain maintains a solid foundation despite its own governance limitations; pure DeFi protocols like Morpho, with their isolated markets and third party curators, embody real utility without centralized control. These rare projects combine concrete adoption (RWAs, institutional trading, payments), censorship resistance, and uncompromised scalability.<\/p>\n\n\n\n<p>So, in the face of Musk&#8217;s statements, these projects will not collapse: they represent the minority that keeps its promises and that, in the long run, will capture the true value of the crypto revolution. The rest? A Darwinian correction is almost inevitable.<\/p>\n\n\n\n<p><strong>Sources:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/beincrypto.com\/elon-musk-crypto-scams-x-trading-terminal\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">BeInCrypto<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/u.today\/musk-slams-crypto-during-openai-trial\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">U.Today<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/x.com\/CryptoEmpressX\/status\/2049965836824412232\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">CryptoEmpress<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/x.com\/Justin_Bons\/status\/2049861783423160422\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Justin Bons<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>Related Articles:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/investx.fr\/en\/crypto-news\/top-5-altcoins-may-2026\/\">Top 5 Altcoins poised for a Bull Run in May 2026<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-sell-may-analysis\/\">Bitcoin: Is it time to sell in May and go away? BTC analysis<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-undervalued-ethereum-q2-breakout\/\">Bitcoin undervalued? Ethereum targets Q2 breakout<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk&#8217;s harsh words on crypto during the OpenAI trial. Will his comments trigger a market downturn? Find out what&#8217;s at stake.<\/p>\n","protected":false},"author":32,"featured_media":28808,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"Elon Musk crypto","_yoast_wpseo_title":"Elon Musk slams Crypto in OpenAI lawsuit: Market crash ahead?","_yoast_wpseo_metadesc":"Elon Musk's harsh words on crypto during the OpenAI trial. Will his comments trigger a market downturn? Find out what's at stake.","footnotes":"","faq_titre":"","questions_frequentes":"","custom_permalink":"crypto-news\/elon-musk-crypto-openai"},"categories":[11,10],"tags":[],"class_list":["post-28809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk slams Crypto in OpenAI lawsuit: Market crash ahead?<\/title>\n<meta name=\"description\" content=\"Elon Musk&#039;s harsh words on crypto during the OpenAI trial. Will his comments trigger a market downturn? 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J\u2019ai plong\u00e9 dans la cryptomonnaie il y a plus de 3 ans et continue de mettre tout en \u0153uvre pour fournir du contenu de qualit\u00e9, avec de l\u2019expertise et la neutralit\u00e9 attendue d\u2019un journaliste. Retrouvez moi aussi sur X pour des analyses et sur Linkedin pour me contacter.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/charles-ledoux-508392239\/\",\"https:\/\/x.com\/charl3li\"],\"url\":\"https:\/\/investx.fr\/en\/author\/charles-ledoux\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Elon Musk slams Crypto in OpenAI lawsuit: Market crash ahead?","description":"Elon Musk's harsh words on crypto during the OpenAI trial. Will his comments trigger a market downturn? 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Will his comments trigger a market downturn? 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Je suis \u00e9galement form\u00e9 au trading et \u00e0 l\u2019analyse technique depuis plus d\u2019un an sur le march\u00e9 des cryptomonnaies, mais \u00e9galement sur le forex et les m\u00e9taux pr\u00e9cieux comme l\u2019or ou le silver. J\u2019ai obtenu un dipl\u00f4me de la Crypto Academy sur les fondamentaux techniques du Bitcoin et poss\u00e8de une exp\u00e9rience de plus de 5 ans dans le journalisme et l\u2019\u00e9criture d\u2019articles p\u00e9dagogiques. J\u2019ai notamment \u00e9crit de nombreuses masterclass pour \u00e9duquer les nouveaux venus dans l'industrie et plus de 10 000 articles et news.J\u2019ai \u00e9galement pu interviewer de nombreux fondateurs et cr\u00e9ateurs de projets dans la crypto comme Marc Lebreton (chef marketing de la blockchain SUI), EJ Ayala (Coinbase US et Draftkings), et d\u2019autres projets comme Polyhedra (Eric Vreeland), Usual (Adli Takkal Bataille), ou encore Humanity Protocol (Jade Gu). J\u2019ai plong\u00e9 dans la cryptomonnaie il y a plus de 3 ans et continue de mettre tout en \u0153uvre pour fournir du contenu de qualit\u00e9, avec de l\u2019expertise et la neutralit\u00e9 attendue d\u2019un journaliste. Retrouvez moi aussi sur X pour des analyses et sur Linkedin pour me contacter.","sameAs":["https:\/\/www.linkedin.com\/in\/charles-ledoux-508392239\/","https:\/\/x.com\/charl3li"],"url":"https:\/\/investx.fr\/en\/author\/charles-ledoux\/"}]}},"_links":{"self":[{"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/posts\/28809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/comments?post=28809"}],"version-history":[{"count":1,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/posts\/28809\/revisions"}],"predecessor-version":[{"id":28811,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/posts\/28809\/revisions\/28811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/media\/28808"}],"wp:attachment":[{"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/media?parent=28809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/categories?post=28809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/tags?post=28809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}