Elon Musk supports dogecoin holders selling their coins
- 15 Feb 2021
Gulf Today Report
Elon Musk confirmed his support for major holders of the meme-based digital currency dogecoin selling their coins.
According to the billionaire, the “real issue” is too much concentration in the dogecoin.
"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 said in a tweet
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Musk has always been an active supporter of cryptocurrencies weighing in regularly on its recent frenzy in retail investment.
His electric vehicle company Tesla Inc revealed on Feb. 8 it had bought $1.5 billion of the cryptocurrency bitcoin and would soon accept it as a form of payment for cars.
