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Billionaire Elon Musk said on Sunday that he supports the biggest meme-based digital currency dogecoin holders who sell most of their coins, adding that he thought too much concentration on dogecoin was the “real problem”.ELON MUSK SAYS THAT HE PURCHASED DOGECOIN FOR THE SON ‘SO THAT HE CAN BE A HODLER CHILD’
“If the biggest Dogecoin holders sell most of their coins, it will have my full support. Too much concentration is the only real problem,” said Musk in a tweet.
A well-known supporter of cryptocurrencies, Musk regularly assesses the recent retail investment frenzy, driving up dogecoin and stock prices on the American video game network GameStop.
Billionaire Elon Musk said on Sunday that he supports the top meme-based digital currency dogecoin holders who sell most of their coins, adding that he thought too much concentration on dogecoin was the “real problem”.
Musk’s electric vehicle company Tesla Inc revealed on February 8 that it bought $ 1.5 billion from bitcoin cryptocurrency and would soon accept it as a form of payment for cars.