Elon Musk says he continues to support Dogecoin (DOGE) regardless of the meme token’s crypto winter-induced 90% drop from all-time highs.
In a brand-new interview with Bloomberg News editor-in-chief John Micklethwait, the CEO of Tesla and SpaceX discusses why he promotes DOGE.
“I intend to personally support Dogecoin because I just know a lot of people who are not that wealthy who have encouraged me to buy and support Dogecoin, so I’m responding to those people, just people that walk around the factory at SpaceX or Tesla. They’ve asked me to support Dogecoin so I’m doing so.”
Musk is presently dealing with a $258 billion claim declaring that the billionaire engaged in a pyramid plan by pumping up the rate of Dogecoin. Despite the allegation, Musk informed his 99.3 million Twitter fans he will continue to support and purchase the dog-themed crypto property.
He includes he never advised investing in crypto.
“I have never said that people should invest in crypto. SpaceX, Tesla, myself all did buy some Bitcoin but it’s a small percentage of our total cash and near-cash assets, so not all that significant.”
Musk likewise declares his assistance for Dogecoin, stating SpaceX will quickly accept the crypto property.
“I likewise purchased some Dogecoin and Tesla accepts Dogecoin for some product and SpaceX will do the very same…
I stated I support Dogecoin and I’m doing that.”
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Featured Image: Shutterstock/Ruslan__Grebeshkov/Viaire