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Billionaire Elon Musk said on Sunday that he supports the largest holders of the meme-based digital currency dogecoin that sells most of their coins, adding that he considered too much concentration in dogecoin as the ‘real problem’.ELON MUSK SAY HE BOUGHT DOGECOIN FOR BOY ‘THAT HE CAN BE A CHILD DEALER’
“If big Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only problem imo,” Musk said in a tweet.
Musk, a well-known supporter of cryptocurrencies, has regularly weighed in on the recent frenzy in retail investments, which has raised dogecoin prices and shares of US video game chain GameStop.
Billionaire Elon Musk said on Sunday that he supports the largest holders of the meme-based digital currency dogecoin that sells most of their coins, adding that he considered too much concentration in dogecoin as the ‘real problem’.
Musk’s electric vehicle company Tesla Inc revealed on February 8 that it had bought $ 1.5 billion of the bitcoin and would soon accept it as a means of payment for cars.