Twitter and Tesla CEO Elon Musk dogecoin He has repeatedly shown his interest in . After Musk’s support, the reliability of the OG meme coin increased. So does Musk still think DOGE is a profitable and safe option? In a recent interview with The Wall Street Journal, Musk commented on the crypto industry and Dogecoin.
“I do not advise anyone to buy crypto or make predictions on Dogecoin.”
It should be emphasized that this is not the first time Musk has made such a statement. He affirmed that during the dreaded bear market of 2022, he “never said people should invest in crypto.” He also stated that,
“Tesla, SpaceX, and in my case, we all bought some Bitcoin. But this is a small percentage of our total cash assets.”
The above statement was made in light of the $258 billion lawsuit filed against Musk. Musk was accused of inflating the price of Dogecoin. It was recently seen that Musk urged a US judge to drop the case. Over the past few months, Musk has been actively interacting with the Dogecoin community. However, despite their interaction, meme coin It should be noted that no significant cooperation or partnership has taken place with
Is Dogecoin Still Musk’s Favorite Crypto?
About a year ago, Musk highlighted the reason behind his support for Dogecoin, stating that he encouraged many not financially wealthy to invest in and support Dogecoin. As a result, he explained that his actions were only a response to the emotions expressed by these individuals.
In his last interview, he said that the meme remains a favorite of the coin. confirmed.
Elon Musk just gave his current views on crypto on an interview with WSJ
“Dogecoin is my favorite because it has the best humor and it has dogs” pic.twitter.com/QYDYbf0Yjo
— Sir Doge of the Coin ⚔️ (@dogeofficialceo) May 23, 2023
Despite Musk’s recent comments, DOGE continues to decline. Meme coin has dropped 2.84% in the last 24 hours. At the time of writing crypto- The asset is trading at $0.07146. In addition, at the current price of DOGE, about 50% of its owners are earning. 46.66% of meme coin’s owners are at a loss.