Musk advised investors not to buy cryptocurrencies, including Dogecoin

Musk advised investors not to buy cryptocurrencies, including Dogecoin


Tesla and Twitter CEO Elon Musk spoke at The Wall Street Journal summit to share his thoughts on cryptocurrencies, in particular Dogecoin (DOGE), writes Сryptomisto.

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In his statement, Musk warned investors against buying cryptocurrencies or “investing all your savings” in Dogecoin. However, the businessman emphasized that DOGE continues to hold a special place in his heart thanks to his humor and association with dogs.

At press time, DOGE was trading at $0.07127, up 2.82% in the last 24 hours, according to Coinmarketcap data.

Let’s remind

This is not the first time the billionaire has made such statements. In June 2022, he stated that he “never encouraged investing in cryptocurrencies.” Musk clarified that Tesla’s bitcoins make up only a small percentage of total financial assets.

Read: Elon Musk wants to introduce crypto payments on Twitter. The Dogecoin rate went up

At the beginning of this year, Musk again made headlines, saying that he would eat a Happy Meal live if McDonald’s started accepting DOGE as payment.

Source: Ministry of Finance

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