Why Did Elon Musk Buy Dogecoin - Samuelpaganoto.com

Last Updated on May 18, 2023 by Paganoto

I will keep supporting and buying Dogecoin crypto, says Elon …

As all the leading cryptocurrencies get hammered, Tesla CEO Elon Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency …

The Tesla CEO indicated that he is adding to his dogecoin stake, even as other investors dump their cryptocurrency and other risky assets in …

Musk added that bitcoin is more suitable as a store of value, which is why its investors want to hold onto it and not sell it or use it for …

Elon Musk reveals reasons behind support for Dogecoin “Fundamentally, Bitcoin is not a good substitute for transactional currency,” Musk said. …

It’s no secret that Elon Musk loves Dogecoin, and Dogecoin typically loves him back. The meme-inspired cryptocurrency jumped as much as 27% …

“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 …

“We have not sold any of our Dogecoin; we still have it,” Musk said in the call. Musk has detailed in the past that he personally owns Dogecoin …

He noted that Tesla accepts Dogecoin as payment for merchandise and reiterated that SpaceX will do the same soon.

Elon Musk Is Still Buying Dogecoin, If You Join Him And Invest $100, Here’s How Much You’ll Have If DOGE Gets Back To 25 Cents.

Musk told Bloomberg that he also bought some Dogecoin and that Tesla accepts Dogecoin for some merchandise, and “SpaceX will do the same.” …

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.