Elon Musk does not care about a dip and he continues to buy Dogecoin. Read here why he does this.
We already knew that Musk is a big fan of the meme coin. Now he has indicated that he has not lost his devotion to the coin. He confirms that he will continue to buy and support the meme cryptocurrency. Dogecoin’s price rose following his statements during a crypto market downturn.
Musk continues to buy Dogecoin
The coins are not impervious to the general downturn of the entire crypto market. Dogecoin has also suffered significant losses in recent weeks. However, this does not make Musk decide not to buy even more coins. On Sunday, Musk tweeted that he will continue to support DOGE. He also indicated that he will continue to buy the meme coin.
On Saturday, the Tesla boss mentioned DOGE on Twitter in response to a tweet from Dogecoin co-creator Billy Markus expressing his “desire” for people to use DOGE “for something beyond pumping and dumping…so it’s for a reason.” to exist.”
Pay
Musk would also like to do something real with the coin. He said Dogecoin could be used to buy merchandise from his companies, Tesla and Spacex, pointing out that more could be offered “on the road.” After his statements, the coin by a good 25%. In 30 days, the currency is down 30%.
Tesla started accepting Dogecoin for some merchandise early this year. Last month, Musk said Spacex will soon be accepting DOGE for merchandise, and Starlink subscriptions may soon follow.
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