What Elon Musk said about cryptocurrency?

He has never directly told people to invest in cryptocurrency. So, remember, as Elon Musk would say: "Cryptocurrency is promising, but please invest with caution!" Cryptocurrency is promising, but please invest with caution!

What does Elon Musk think about cryptocurrency?

“I still own & won't sell my Bitcoin, Ethereum or Doge fwiw.” As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.

Does Elon Musk support cryptocurrency?

Musk, the chief executive officer of Tesla Inc. and SpaceX, reiterated his support of Dogecoin, a cryptocurrency created as a joke in 2013, on Tuesday.

What crypto did Elon Musk recommend?

Despite being Elon Musk's favourite, Dogecoin was not the crypto token most benefited from Elon Musk's Twitter takeover. Tech billionaire Elon Musk bought the microblogging website Twitter for a whopping $44 billion last night, but his favourite cryptocurrency Dogecoin was not the token most benefited from this news.

What crypto is Elon Musk talking about?

Elon Musk, Tesla and SpaceX boss, has always backed Dogecoin, a cryptocurrency based on memes. A couple of months back he revealed he had invested in Dogecoin besides Bitcoin and Ether.

Elon Musk: I Never Told People to Invest in Crypto

Does Bill Gates invest in crypto?

Bill Gates doesn't own cryptocurrency because he "likes investing in things that have valuable output," he told readers on a Thursday "ask me anything" Reddit thread. "The value of companies is based on how they make great products," he wrote.

Will all cryptocurrencies crash?

Nolan Bauerle, research director at CoinDesk, says 90% of cryptocurrencies today will not survive a crash in the markets. Those that survive will dominate the game and boost returns for early investors.

Did Elon Musk start a cryptocurrency?

Tesla, the electric carmaker headed by billionaire Elon Musk, has started to allow people to buy brand merchandise using Dogecoin, a cryptocurrency initially started as a joke.

Does Elon Musk own any ethereum?

I still own & won't sell my Bitcoin, Ethereum or Doge fwiw," Elon Musk tweeted.

Which coin is Elon Musk buying?

New Delhi, As all the leading cryptocurrencies get hammered, Tesla CEO Elon Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency he has been vouching about for years. Amid the 'crypto winter', Dogecoin digital currency has tumbled from its high of nearly $0.74 to just over $0.05 in recent days.

Why Elon Musk buy Dogecoin?

Dogecoin was started by its creators as a joke, but has gained fans since Musk began to champion the coin in 2019. The makers of Dogecoin told Decrypt last year they were working with Musk to make the coin a cheaper, greener alternative to bitcoin.

Will SpaceX accept Dogecoin?

Tech billionaire Elon Musk said that his aerospace company SpaceX will soon accept Dogecoin as a payment option for merchandise, joining Tesla. San Francisco: Tech billionaire Elon Musk said that his aerospace company SpaceX will soon accept Dogecoin as a payment option for merchandise, joining Tesla.

Who supports Dogecoin?

You can purchase Dogecoin by establishing an account with one of many cryptocurrency exchanges. Some of the exchanges that support Dogecoin transactions include Coinbase, Binance, and Kraken. Robinhood, a traditional brokerage that enables crypto trades, also supports Dogecoin.

Does Elon Musk own Bitcoin?

The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token.

Is Elon invested in Bitcoin?

Electric carmaker Tesla revealed in a public filing Monday that the value of its bitcoin holdings ballooned to nearly $2 billion by the end of December, confirming the firm helmed by billionaire Elon Musk sold no cryptocurrency in the latter half of last year and cementing its position as the U.S. corporation with the ...

Who owns most crypto?

According to the Bloomberg Billionaire Index, Changpeng Zhao—founder of cryptocurrency exchange Binance—is estimated to be worth $96 billion, making him the richest person in cryptocurrencies.

Did Elon buy Dogecoin?

It's no secret that Elon Musk loves Dogecoin, and Dogecoin typically loves him back. The meme-inspired cryptocurrency jumped as much as 27% on Monday after Twitter announced its board of directors accepted Musk's $44 billion buyout offer.

Does Elon still own Dogecoin?

Musk's relationship with Dogecoin isn't new. He started to tweet about the cryptocurrency back in 2019, and has continued to do so over the years. In addition to owning Dogecoin, he has mentioned working with DOGE developers on bettering its network.

What is Tesla Bitcoin name?

The Tesla chief has called Doge the "people's crypto" in a tweet in 2021, causing it to soar around 4,000 per cent. In December, Musk said in a tweet that Dogecoin will be allowed on a test basis to purchase its merchandise. The news sent the cryptocurrency up more than 20 per cent.

Does Tesla accept crypto?

Billionaire Tesla founder Elon Musk on Friday (January 14) announced that the company will accept Dogecoin, cryptocurrency as one of the modes of payment from customers.

Will crypto rise again 2022?

Experts are confident that Bitcoin price prediction can explode and race past $100,000 by the end of 2022 before growing tenfold and breaking above $1 million by the turn of the decade.

What is the next crypto to explode?

Ethereum tops our list of the next cryptocurrencies to explode in 2022 because of the sustainability of its blockchain technology and promising outlook. Today, Ethereum is the largest smart contract platform.

Will ethereum survive?

Ethereum is the most well-known altcoin, and it's much more than just another cryptocurrency for many investors and enthusiasts alike. And experts say it could grow in value by as much as 400% in 2022.

How much crypto Does Bill Gates Own?

During an 'Ask Me Anything' exchange on Reddit, Mr Gates said he does not own any cryptocurrency. Mr Gates, the fourth-richest person in the world, said he does not see any value in crypto investments. He also expressed his views on several other topics, such as whether billionaires should pay more taxes.

What caused the crypto crash?

Why are bitcoin and other cryptocurrencies crashing? Market experts say two main factors are driving the recent slump in the cryptocurrency market: moves by the U.S. Federal Reserve to combat high inflation and stabilize markets, and the implosion of terraUSD, a type of so-called stablecoin.