Cryptocurrencies

Elon Musk, Dogecoin (DOGE) extreme hodler

Favorites icon

Satoshi Nakamoto is the ultimate Bitcoin (BTC) HODler, while Elon Musk is said to be the ultimate Dogecoin (DOGE) HODler. The billionaire loves crypto-doggie, and does not hesitate to cross swords with bitcoiners, to promote the DOGE.


Blue diamond in hands

His son has it, and he?

What are the projects ofElon Musk concerning the Dogecoin ? The billionaire jealously guards his DOGE although their price has fallen in recent weeks.


The “Dogefather”Works with developers DOGEto improve the efficiency of system transactions“, after You’re here ultimately decided to refuse payments BTC by invoking environmental concerns.

In his exchanges on Twitter with Musk, the twittos Dave lee indicated that the founder of You’re here and of SpaceX will never sell his DOGE, that it is “the ultimate hodler“.

No one knows the actual number of Dogecoin available Musk. The latter had said in a tweet of February 10, 2021 that he “bought some dogecoin for lil X, so he could be an ultimate hodler“.

Some observers had speculated that Musk did not have any Dogecoin, for others he is a whale DOGE.

Musk could, according to some analysts, be the owner of a mysterious address currently holding 36.7 billion Dogecoin.

He had however expressed his concerns about the existence of whales DOGE, too much concentration of the crypto-doggie in the hands of a few cryptophiles.

Showtime for the Dogefather

Elon musk had tried to pumper the price of DOGE in order to get him to cross the $ 1 bar, by playing the Dogefather defending the crypto-doggie during the Saturday Night Live of May 8, 2021.

On May 11, 2021, he posted a poll on Twitter to ask his followers if You’re here had to accept the Dogecoin78.2% of voters answered YES.

He then did an about-face upside down Bitcoin by announcing that You’re here would ultimately not accept it as a means of payment for the purchase of its electric vehicles. The billionaire later revealed his relationship with the developers DOGE.

Is Elon Musk the only pillar of DOGE? Will he succeed in making it a serious project, with solid fundamentals, the sustainability of which will no longer depend on his tweets and his interventions in the media? Each Bitcoin crash has tested and validated the strength of its fundamentals. BTC has repeatedly demonstrated its resilience. What will happen to the crypto-doggie the day Musk no longer strokes it across the grain?

More actions

Favorites icon


Fashion is good, but blockchain is the future, we agree, right ?! It’s a great opportunity and an evolving sector! On a daily basis, my job is to try to popularize cryptos / blockchains as well as possible, which seem to be far too technical.

DISCLAIM

The comments and opinions expressed in this article are those of the author alone, and should not be considered as investment advice. Do your own research before making any investment decisions.

Tags

Related Articles

Back to top button
Close
Close