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A few hours before Elon Musk appeared Saturday night live, Tesla’s CEO seems to be planning to cool him around the meme cryptocurrency Dogecoin (Dog).
Musk remind His Twitter followers believe that cryptocurrency investment is still speculative.Musk Republish In the TMZ interview that began in February, he responded to whether he thought the inflationary supply of Dogecoin had reduced its value. Musk admitted that this was the case at the time and added:
“Obviously, I don’t think people should invest their life savings in cryptocurrencies. I think this is unwise.”
Musk said that he believes that cryptocurrency may become the main currency used on the planet, but knowing which one it will be is still a guess.
“Cryptocurrency is very likely to become the future currency of the earth… Then it’s like: which one will it be? Maybe it will be more than one. But this time, speculation should be considered.” Musk said at the time.
After Musk decided to adopt something that already exists, Dogecoin became one of the cryptocurrency stories of the year A joke coin went astray. The Governor then surged 14,000% in 2021, partly due to Musk’s social media posts and traders’ desire to put nearly uncirculated coins into the currency market. Similar way Stocks such as GameStop and AMC.
Although Musk reminded investors to be vigilant, DOGE’s dollar value rebounded by 23% in early trading on Friday, and lost a quarter of its value after soaring to $0.69 on Wednesday.Within a few hours after Musk, the token price jumped from $0.52 to $0.64. Published The TMZ video on Twitter with a warning: “Cryptocurrencies are promising, but please invest carefully!”
However, Musk suggested that the most interesting results may be the ones that ultimately prevail. Regarding Dogecoin, Musk said:
Destiny loves irony. Like, what is the most ironic result? The money being joked has actually become real money. “
The reporter bombarded Musk with Musk’s remarks, saying that his tweets led to an increase in their Dogecoin investment, and this overall trend received a certain degree of support. evidence.
Musk previously claimed that he would welcome Any official investigation on the impact of his tweet on the price of Dogecoin, but when asked if it is possible to see another tweet about price changes from him, the Tesla CEO’s response was negative.
“No,” Musk said, getting in his car. “Well, that’s it,” he added. “Don’t take too much risk with cryptocurrencies.”
Disclaimer: This article has been updated to reflect the correct time for Elon Musk’s interview with TMZ.
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