The billionaire stated that he does not seek to encourage anyone to bet on cryptocurrencies, not even Dogecoin.
the billionaire Elon Musk advised against investors to put the life savings in crypto. Still, he reiterated that he still prefers the memecoin. Doge Coin.
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During a recent conference organized by the Wall Street Journal, the Tesla CEO expressed “I am not advising anyone to buy cryptocurrency or bet the farm on Dogecoin“. It should be noted that Musk is known for his long relationship with cryptocurrencies. In fact, on more than one occasion, every time he mentioned them, their price used to fluctuate.
Musk’s recent message didn’t have the market impact it used to. Dogecoin slipped into bearish territory but very slightly. Musk also adopted DOGE as a method of payment in several of its companies and recently fulfilled its commitment to temporarily change the logo of Twitter by the image of Dogecoin.
Despite expressing his favoritism for the DogeLast month, Musk’s legal team asked a manhattan federal court to dismiss one demand of US$258,000 million brought against him by Dogecoin (DOGE) investors. Investors accuse Musk of boost the price of cryptocurrency abruptly, then do it fall.
Source: Ambito
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