In a recent interview with WSJ, Teslaโs CEO stated he cannot advise people to allocate money in the digitalย currency market.
He likewise touched upon Dogecoinย (DOGE), explaining why it is his favorite digital asset.
- Elon Muskย (Teslaย &ย SpaceX CEO) has had a rocky and controversial relationship with the industry of digitalย currency duringย theย previous manyย years. It ranges from buying Bitcoinย (BTC) for himself and Tesla,ย Inc. to selling some portions asย aย resultย of the negative impact of coal-fueled Bitcoin mining.
- Nonetheless, he has likewise been supportive of Dogecoinย (DOGE) and has used almost every opportunity to boost the assetโs price and popularity, whether intentional or not.
- His words always have an effect on DOGE, likewise as other memecoins, which used the hype created by him to launch new projects.
- Andย once asked whether he still likes digitalย currencies, Musk stated he is not โadvising anyone to buy cryptocurrency or bet the farm on Dogecoin.โ
- Still, the billionaire alsoย mentionedย that Dogecoinย (DOGE) is his favorite digital investment because โit has the best humor and it has dogs.โ He likewise asserted that the most ironic outcome for worldwide currencies would be if a memecoin created as a joke becomes that worldwide currency.
- Itโsย notableย that Dogecoinย (DOGE) didnโt react well to Muskโs latest comments. It had jumped to $0.074 yesterday but dropped back down to $0.07 hours later.
