Does Elon Musk believe in Cryptocurrency?
Tesla Inc. TSLA 4.29\% Chief Executive Elon Musk said Wednesday that he and his rocket company, SpaceX, hold bitcoin, a cryptocurrency he generally supports despite having concerns about its environmental impacts.
What Cryptocurrency does Elon Musk recommend?
Dogecoin
Tesla CEO and SpaceX founder Elon Musk is bullish on Dogecoin. Musk, world’s most wealthiest man, calls it “people’s crypto.” Musk explained the reasoning behind his support for Dogecoin: “Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge.
What does Elon Musk say about Cryptocurrency?
Indeed, financial guru and author Suze Orman, entrepreneur and Dallas Mavericks owner Mark Cuban and SpaceX and Tesla CEO Elon Musk all agree on this when dealing with crypto: It can be worth dipping your toes into, but don’t go in too deep.
Does Elon Musk support bitcoin?
Despite his recent criticisms of the cryptocurrency, Tesla billionaire Elon Musk on Wednesday emphasized he is still a “supporter” of Bitcoin, and confirmed that he and both his companies—SpaceX and Tesla—own some, though reiterated his environmental concerns about the currency.
What does Elon Musk think dogecoin?
But to Musk, dogecoin has an advantage over bitcoin and other cryptocurrencies: He sees dogecoin as the best cryptocurrency to transact with. “Fundamentally, bitcoin is not a good substitute for transactional currency,” Musk told Time Magazine after being named Time’s 2021 Person of the Year.
Does Elon own dogecoin?
Elon Musk owns only three cryptocurrencies, and one of them is Dogecoin – Protocol — The people, power and politics of tech.
Does Elon Musk hold dogecoin?
‘Outside of Tesla and SpaceX stock, it’s my largest holding,’ Musk said. Tesla CEO Elon Musk on Thursday said he owns Bitcoin, Dogecoin and Ethereum. Musk added that Tesla and SpaceX also own Bitcoin. “I might pump, but I don’t dump,” Musk said.
What Elon Musk said about Shiba?
That’s why I decided to support Doge—it felt like the people’s crypto,” Musk said in a tweet. Shiba Inu went on a high to become the 11th largest cryptocurrency in the world but when Musk said that he doesn’t own a single Shiba, the crypto fell back to the 13th spot.