The digital currency market is experiencing one of its most severe downturns in recent times. The majority of the profits discovered in the last two years have disappeared. Digital currencies in general, including Bitcoin, have suffered a severe hammering. Consequently, it is evident that we have stepped into a bear market.
On the other hand, Elon Musk (Tesla & SpaceX CEO) claims he still believes in Dogecoin (DOGE) (DOGE), following the joke token’s 90 percent fall from all-time spikes due to the cryptocurrency winter. The CEO of Tesla and SpaceX outlines reasons for his endorsement of dogecoin (DOGE) in a recent interview with Bloomberg’s editor-in-chief John Micklethwait.
Elon Musk (Tesla & SpaceX CEO) quotes that he actively promotes Dogecoin (DOGE) since he knows quite several individuals who aren’t very successful. He reveal that they have urged him to acquire and encourage Dogecoin (DOGE). Hence, he is replying to all those individuals, who wander across the SpaceX or Tesla workplace.
Elon Musk (Tesla & SpaceX CEO) To Keep Supporting Dogecoin
Musk is presently being sued for $258 billion, claiming that he participated in a pyramid scheme by increasing the cost of Dogecoin (DOGE). Considering the allegations, Musk promised his 99.3 Million twitter followers that he will keep promoting and purchasing the meme Coin cryptocurrency.
He adds that he has never recommended anyone to invest in cryptocurrency. He asserts that SpaceX, Tesla, and he himself bought several bitcoins. Nonetheless, it’s a tiny portion of their overall wealth and relatively close assets, which isn’t a big deal.
Musk once more reinforced his backing for Dogecoin (DOGE), stating that SpaceX will presumably take the cryptocurrency.
He wraps his interview by stating that he purchased several Dogecoin (DOGE) and the Meme Coin currency is accepted by Tesla for several selected products. He claims that SpaceX will likewise do the same in the coming days.
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