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Elon Musk’s Reason For Supporting Dogecoin
Nothing will stop Tesla/SpaceX CEO Elon Musk from publicly voicing his support for meme king Dogecoin (DOGE).
Himanshu S.
9:19 21st Jun, 2022
Adoption

Speaking to Bloomberg at this year’s Qatar Economic Forum in Doha, Musk reiterated that he will continue to “personally support Dogecoin because I just know a lot of people who are not that wealthy who have encouraged me to buy and support Dogecoin — so I’m responding to those people.”

The eccentric centibillionaire has been the most high-profile cheerleader of Dogecoin since early 2019 when he declared that the meme coin was his “fav cryptocurrency”. Throughout 2020 and 2021, DOGE gained significant bullish momentum every time Musk tweeted about it.

And in his recent $44 billion Twitter acquisition deal, the business magnate has promised that one of the features he will enforce is Dogecoin tipping (Twitter presently only supports tipping with bitcoin and Ethereum) and the acceptance of the canine-themed token as payment for Twitter Blue.

In the interview, Musk argued that it was actually his own employees who requested him to endorse dogecoin or as he astutely puts it: “just people when I walk around the factory at SpaceX or Tesla, they’ve asked me to support Dogecoin, so I’m doing so.”

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