Elon Musk, CEO of Tesla, advised against cryptocurrency enthusiasts investing heavily in Dogecoin, despite his love for the memetic coin.
During a conference hosted by the Wall Street Journal, the billionaire sent a cautious message to cryptocurrency enthusiasts, advising against spending too much time and money on digital assets, including Dogecoin (DOGE), despite his zeal for the memetic currency.
Musk warned people against buying cryptocurrency or staking all their finances on Dogecoin, despite having publicly endorsed the coin on multiple occasions.
Although he has worked with Dogecoin’s developers to make it more suitable for wider adoption and has adopted DOGE as a payment method in several of his companies, Musk stressed that people should be cautious about investing in it. digital assets.
(Reference image source: Kanchanara, Unsplash)
Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram
Comments are closed.