If major Dogecoin holders sell most of their coins, they will receive my full support, said Elon Musk.
Billionaire Elon Musk said on Sunday that he supports major holders of digital currency based on dogecoin memes by selling most of their coins, adding that he considered too much focus on dogecoin to be the “real problem”.
“If the major Dogecoin holders sell most of their coins, they will receive my full support. Too much concentration is the only real problem imo,” Musk said in a tweet.
If major Dogecoin holders sell most of their coins, they will receive my full support. Too much concentration is the only real problem imo.
– Elon Musk (@elonmusk) February 14, 2021
A well-known cryptocurrency supporter, Musk has regularly influenced the recent retail investment frenzy, raising the prices of dogecoins and the shares of the US video game chain GameStop.
Musk’s electric vehicle company, Tesla Inc., revealed on Feb. 8 that it has bought $ 1.5 billion in bitcoin cryptocurrency and will soon accept it as a form of payment for cars.
(Except for the title, this story was not edited by NDTV staff and is published in a syndicated stream.)