Elon Musk warns Dogecoin investors and explains why Doge is his favorite crypto

Elon Musk warns Dogecoin investors and explains why Doge is his favorite crypto

In a recent interview with WSJ, Tesla CEO said that he could not advise people to invest money in the cryptocurrency market.

He also went into Dogecoin and explained why it is his favorite digital asset.

• Elon Musk has had a difficult and controversial relationship with the cryptocurrency industry in recent years. It ranges from buying Bitcoin for yourself and Tesla to the sale of some parts due to the negative effects of the coal-powered BTC mining.
• However, he also supported Dogecoin and used almost every opportunity to increase the price and popularity of the financial value, whether intended or not.
• his words always have an impact on Doge, but also on other memoins that used the hype he created to start new projects.
• if Asked whether he still liked cryptocurrencies, he said "Rate" Nobody to buy crypto or put the farm on Dogecoin ”.
• Nevertheless, the billionaire added that Doge was his favorite digital asset because "it has the best humor and has dogs." He also claimed that the most ironic result for global currencies would be if a memo coin that was created as a joke would become this global currency.
• It is worth noting that Doge did not respond well to Musk's latest comments. Yesterday the course had increased to $ 0.074, but fell to $ 0.07 hours later.