The madness of the same no longer stops, and even the most unexpected figures surf on this ultra-lucrative wave. This time, it is on the side of the Musk clan that we observe a foray into the Crypto business. But no Elon in sight! It was his father, Errol Musk, who tries his luck with a same -law project called “Musk It”. An initiative that promises to be as opaque as they are controversial.
Father Musk offers a place on the Crypto market
Errol Musk, eternal entrepreneur and father of Elon Musk, the tech superstar, decided to exploit his name to monetize a same, hoping to raise between 150 and 200 million dollars. His official goal? Finance a think tank called the “Musk Institute”. But curiously, the project seems to have been designed upside down: first the token, then ideas.
The Musk It Coin, however, did not spring from Errol's mind. It already existed in all discretion before the latter was associated with it. A detail that did not prevent the patriarch from claiming his paternity on the initiative.
“” I always have 'muskel' in my family “, He is a boastful.
Only here, the Crypto project Carefully lacking in clarity. No roadmap, no solid explanation on the distribution of tokens … In short, a classic diagram of “Pump and Dump”.
Besides, CoinmarketCap displays a market cap of $ 11 million For this same, but specifying that this figure is self-declared. Errol, he swears that everything is under control:
“” It will not be a scam ».
Investors will appreciate the nuance.
Elon Musk and his father: a busy passive
If there is one thing that Elon Musk does not endorse, it is the recovery of his name for questionable purposes. Officially, he has nothing to do with the Crypto Musk IT. Unofficially, he would have taken the time to call his father to ask him what he was returning.
But between the two men, Communication is more due to the battlefield only family dialogue.
Errol Musk, a whimsical character, is not at his first controversy. Between his sometimes lunar declarations and his Hardy life choice (like having a child with his daughter-in-law), he carved out a sulphurous reputation.
Even his own son disowned him publicly. In 2022, Elon tweeted:
“” Errol lost all his money in the 90s. My brother and I supported him financially provided that he did not do bad things. Unfortunately, he did it. »»
And it is not the only pan of the patriarch. He recently distinguished himself by evoking the Nazi fittings Elon's maternal grandparents, declaring thatThey had ” Supported Hitler »».
An outing that obviously did not help to restore its image.
Let it be said, Elon Musk has already elected his same: the Dogecoin. The billionaire never deprived himself of promoting it, and his last maneuver says a lot: he would have offered the founder of Dogecoin to join the Doge of the USA department. A subtle way of recalling which is the real musk of the crypto.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
