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Much to the delight of Dogecoin fans everywhere, one of the biggest names in the crypto world has just made a Dogecoin (DOGE) related announcement. As people who follow the crypto markets are no doubt aware, Tesla founder Elon Musk has been a huge supporter of Dogecoin for a long time. In fact, back in February, Musk made headlines when he announced that he would give away DOGE to anyone who sent him a funny tweet. A few days later, Musk actually went live on Twitter and sent DOGE to several lucky winners.
Elon Musk, the CEO of Tesla and SpaceX, has just announced that he won’t be selling any of his Dogecoin. In a recent tweet, Musk said he is now the “ultimate hodler” of the cryptocurrency. He added that he wasn’t sure whether people would “make fun of me for this” — but he didn’t care.
Elon Musk, the founder and CEO of SpaceX, Tesla and PayPal, said on Twitter Saturday that he will not sell his Dogecoin.
“Dogecoin Hodler,” Musk tweeted, adding, “I am the ultimate dogecoin hodler.”
Musk’s tweet comes after a recent controversy with the cryptocurrency community regarding his Dogecoin holdings. Musk, who is also the founder of OpenAI, a nonprofit research company, said last month that he threw away his Dogecoin stored on a digital wallet (a kind of online bank account). Dogecoin’s price plummeted by more than 20 percent, according to CoinMarketCap.
Tesla CEO Elon Musk has confirmed that he does not and will not sell Dogecoin as the price of the cryptocurrency has continued to fall in recent weeks. Dogefather is working with Dogecoin developers to improve the system’s transaction efficiency after Tesla stopped accepting bitcoin for payments, citing environmental concerns.
Elon Musk will not sell his Docgecoins
Elon Musk confirmed this week that he has not and will not sell Dogecoin. On Thursday, Tesla’s CEO posted a photo on Twitter with the request: How much is the doge in the window? Twitter user Dave Lee replied: In case you missed it, it’s a sticker on Elon Musk’s gaming laptop. Yeah, that’s the dog on the dollar bill. Musk responded with a clarification: An old Tesla fan gave me a Doge Dollar sticker at the Giga Berlin show. Lee tweeted further: Let’s be clear: I don’t think Elon will ever sell his Doge shares. He’s the best walker. Tesla’s tech king is confirmed: Yes, I have not sold a Doge and will not do so.
It’s not clear how much dogecoin Musk has, aside from his tweet on the 10th. February he bought dogecoins for baby X to be a baby. People have made all sorts of assumptions, from him not owning a DOGE to him being a dogecoin whale. On Friday, Bitcoin News reported that Musk may be the owner of the mysterious Dogecoin Whale address, which currently holds 36.7 billion Dogecoins. DOGE is currently trading at $0.3560. Dogecoin Price Chart. Source: Markets.Bitcoin.com
Musk has already expressed some concern about the crypto-currency meme. Excessive focus is the only real problem, he said in February, adding: I will literally pay real dollars if they [dogecoin whales] just delete their accounts.
However, he has been talking steadily about Dogecoin lately, referring to himself as Dogefather on several occasions, including his appearance on Saturday Night Live (SNL) on the 8th. May.
Musk’s Spacex also announced that the Doge-1 satellite will be launched to the moon next year. On the eleventh. In May, Musk held a Twitter poll asking his followers if Tesla should accept dogecoin; 78.2 percent of those who voted said yes. Following the announcement that Tesla had stopped accepting bitcoin payments, Musk said he was working with Doge developers to improve the efficiency of the system’s transactions.
On 15th May he tweeted: Ideally, Doge accelerates the blocking time by a factor of 10, increases the block size by a factor of 10, and reduces the cost by a factor of 100. So he wins by a wide margin. His comments have attracted much attention in the cryptographic community.
As for whether Tesla will sell its BTC, Musk tweeted that Tesla has a [diamond hand emoji] and a credit to our Coinmaster. Musk and Tesla have confirmed that Tesla has not sold its bitcoins, and Musk has stated that he himself has not sold his BTC.
Meanwhile, the environmental debate between Musk and the Bitcoin community has intensified, with more and more people trying to prove that Musk was misinformed. For example, Ark Invest said bitcoin mining can be positive for the environment, and Shark Tank star Mark Cuban said bitcoin adoption is actually beneficial for the environment.
Do you think Elon Musk will ever sell his Dogecoin? Let us know your comments in the section below.
Photo credit: Shutterstock, Pixabay, Wiki Commons
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You may not have heard of Elon Musk, but you’ve probably heard of his company, Tesla (TSLA). Musk is the CEO and a co-founder of Tesla. He also founded SpaceX, which is a company dedicated to building and launching rockets into space. Musk is also a huge fan of cryptocurrency. He is the founder and CEO of the Bitcoin exchange called “Goxxly,” and he also owns the largest mining farm in North America. He was also one of the first investors in the Dogecoin cryptocurrency. He has invested millions of dollars into Dogecoin. His interest in Dogecoin sparked a “Doge. Read more about dogecoin, elon musk tweet and let us know what you think.
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