Elon Musk says he supports top dogecoin holders selling most of their coins
Global Economy
15 February, 2021, 09:20 am
Last modified: 15 February, 2021, 09:25 am
Musk’s electric vehicle company Tesla Inc revealed on February 8 it had bought $1.5 billion of the cryptocurrency bitcoin and would soon accept it as a form of payment for cars
SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, US, June 13, 2019. REUTERS/Mike Blake/File Photo
Billionaire Elon Musk said on Sunday that he supports major holders of the meme-based digital currency dogecoin selling most of their coins, adding that he felt too much concentration in dogecoin was the "real issue".
"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.
A well-known supporter of cryptocurrencies, Musk has weighed in regularly on the recent frenzy in retail investment, driving up prices of dogecoin and shares of US video game chain GameStop.
Musk's electric vehicle company Tesla Inc revealed on February 8 it had bought $1.5 billion of the cryptocurrency bitcoin and would soon accept it as a form of payment for cars.
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