Despite admitting being a BTC HODLer, Musk said he has never promoted investing in cryptocurrencies to people.
The business magnate and CEO of Tesla – Elon Musk – said he has never urged individuals to distribute their wealth into cryptocurrencies. He reminded he has personally invested in bitcoin, however, this represents a small percentage of his total capital.The world’s richest man – Elon Musk – has displayed his thoughts on the cryptocurrency industry numerous times, and it is safe to say that often his comments have affected the market.
to put “a literal Dogecoin” on “the literal moon,” which pumped the memecoin’s price by 35% minutes later.“Baby Doge” in one of his tweets. Shortly after, the USD valuation of Baby Doge Coin skyrocketed by nearly 90%.for Bloomberg, Musk stated he had not pushed people toward joining crypto’s ecosystem:holding Bitcoin, Ethereum, and Dogecoin.
Subsequently, he gave his two cents on his favorite digital asset – Dogecoin, saying he supports the coin. Several months ago, Tesla’s bossthat despite being created as a “silly joke,” it is better suited for payments than Bitcoin. On the contrary, he bashed BTC for its low transaction volume, opining “at its base level,” it fits the bill for a store of value.
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