As new memecoins make waves in the cryptocurrency space, billionaire Elon Muskย (Teslaย &ย SpaceX CEO) reveals that Dogecoinย (DOGE) remains his favorite digital asset.
In a new interview with The Wall Street Journal, Musk explains why he still prefers the original memecoin, which wasย made as a parody of the leading digitalย currency Bitcoinย (BTC) (BTC).
โ Dogecoinย (DOGE) is my sort of favorite digitalย currency because it has the best humor and has dogs.โ
Musk reveals it will be amusing to see an investment that wasย made as a joke become a worldwide currency. The statement comes amid reports that Twitter will introduce cryptocurrency payments on the microblogging platform.
โA friend of mine has a saying that the most ironic justification is the possiblyย likely and the most ironic outcome for currency would be that the thing that wasย created as a joke to make fun of digitalย currencies. The most ironic outcome would be that it becomes the worldwide currency.โ
Musk is between DOGEโs most influential supporters. In April, the price of Dogecoinย (DOGE) jumped by 30 percent following his executive decision to change Twitterโs blue bird icon to DOGEโs logo.
The billionaire isย indeed facing a $258 Billion lawsuit filed by a group of investors who accuse him of illegally promoting and pumping up the price of Dogecoinย (DOGE). Muskโs lawyers argue that his statements about the cryptoย token were asย well vague and silly to be considered an actual endorsement of the digital asset.
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