August 18, 2022

Multi-billionaire entrepreneur and CEO of Tesla and SpaceX, obsession with Dogecoin is well known and now he told the reason for it

You must have remembered the rally of Dogecoin during May last year, many believed that this was made possible due to its promotion by Elon Musk himself. The notion came from the fact that Elon Musk has been vocal about his support for the popular meme currency on various platforms. On top of this, the announcement of Musk’s electric vehicle manufacturing company, Tesla, to accept Dogecoin as payment for its merchandise. This made the DOGE price shoot up and reach $0.70, however, later on, it started declining. 

Even while prices of Dogecoin were on the decrease, this had not discouraged Elon Musk from promoting the meme coin, and was continuously bullish about it. There was no clear reason for this, why is the world’s richest man so obsessed with crypto? Well, it seems like this mystery has been solved by Dogefather himself when he revealed the reason for his investment in Dogecoin and its promotion. 

Recently in an interview with Bloomberg, Elon Musk said that the reason for which he got into the meme coin is because of employees at his companies SpaceX and Tesla. Musk stated that it was factory workers who worked on the floor in the companies and told him about it and asked him to support it too. 

The SpaceX and Tesla CEO said that there are a lot of people that are known to him and are not that wealthy, so they encouraged him to…

Read more…

Leave a Reply

Your email address will not be published.