Digital Currency Dogecoin ” Gets my support…” Says Elon Musk

On Sunday Elon Musk said that he supports meme-based Digital Currency Dogecoin, Dogecoin is selling most of its coins. Elon Musk also showed his support for the most controversial cryptocurrency Bitcoin and after some time he made an investment of $1.5 billion. He also made the announcement that Tesla will be accepting cryptocurrency as a form of payment for its products.

Credit: NDTV

Today he tweeted and said, “If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo”. Musk has weighed in regularly on the recent frenzy in retail investment, driving up prices of dogecoin and shares of U.S. video game chain GameStop.

If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo.

— Elon Musk (@elonmusk) February 14, 2021