Tech billionaire Elon Musk is known for many things, but recently he has been in the news for his involvement with cryptocurrencies. His tweets seem to have a noticeable impact on the prices of cryptocurrencies. Tesla CEO has been very supportive of the meme-based cryptocurrency Dogecoin. Earlier, he had called bitcoin “heavily centralized,” which got him some flak from the crypto community.
Elon Musk won’t sell his Dogecoin holdings.
Elon Musk said on Twitter in response to a tweet on Thursday claiming he would never sell any of his doge holdings and that he was the “ultimate hodler.” Dave Lee had tweeted, “I don’t think Elon would ever sell any of his Doge holdings. He’s the ultimate hodler,” to which Musk replied, “Yeah, I haven’t & won’t sell any Doge.” Musk has tweeted numerous times about the meme-based cryptocurrencies on Twitter this year, causing prices to gyrate. The cryptocurrency that started as a joke is now among the top 7 cryptocurrencies by market cap.
Yeah, I haven’t & won’t sell any Doge
— Elon Musk (@elonmusk) May 20, 2021
Tesla CEO posts a picture of Doge and $1 bill.
Earlier, the well-known tech billionaire posted an intriguing tweet that included a one-dollar bill and DOGE. Tesla CEO posted a picture with a text reading “cyberviking.” In the background, though, there’s a slightly blurred one-dollar bill. Tesla CEO had earlier called bitcoin “highly centralized” and is mostly controlled by large mining companies. The leading electric-vehicle manufacturer had earlier announced to suspend bitcoin payment options citing environmental concerns. Elon Musk continues to shill for the meme-based cryptocurrency as he thrashes the leading cryptocurrency bitcoin. Earlier, when Musk appeared on SNL, he also mentioned Dogecoin.