Elon Musk is a staunch supporter of Dogecoin, and explained that explaining his support for the cryptocurrency, he said he buys it and supports it because people who aren’t wealthy have asked him to, Musk said in an interview with Bloomberg News Editor-in-Chief John Micklethwait: “Just a lot of people I don’t know are that rich, You know, they encouraged me to support Dogecoin as I am responding to these people.”
An opportunity for what the “business insider” website mentioned, the Dogecoin based on Musk’s notes on it.
It jumped to face on Sunday, up 8.5% within 24 hours of its lows after the business owner tweeted that it would continue to support and buy meme tokens amid a crypto sell-off.
It has also been described in its description as the Dogecoin.
Created as a joke in 2013, Dogecoin has gained more investors over the years in part thanks to a work force around it from characters like Musk, Mark Cuban, and Snoop Dogg.
Musk also continued his support for other cryptocurrencies besides Dogecoin, in October, Musk said he owns Bitcoin, Dogecoin and ether, and in January, it is considering accepting payments at Dogecoin.
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