If large Dogecoin holders sell most of their coins, it will get my full support, Elon Musk said.
Billionaire Elon Musk said Sunday that he supports the largest holders of the meme-based digital currency dogecoin that sells most of their coins, adding that too much concentration in dogecoin was the “real problem”.
“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.
If large holders of Dogecoin sell most of their coins, it will get my full support. Too much concentration is the only real problem imo.
– Elon Musk (@elonmusk) 14 February 2021
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.
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.
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