On February 19, Musk responded to comments made by Changepeng Zhao, Binance CEO, to Bloomberg in which CZ expressed his surprise at the Tesla management’s “gung-ho” statements about Dogecoin.
Tesla, co-founder and hypothetical Dogecoin (DOGE) CEO, has assert that ‘only a fool’ would not look for alternative investments in currency, given current interest rates on Twitter.
During the interview, CZ implied that Tesla’s recent decision to invest $ 1.5 billion or 7.7% of its treasury in Bitcoin (BTC) would likely prove Musk’s deep support for Bitcoin.
On Twitter, Musk said“Tesla’s actions do not directly reflect my opinion. Having a bit of Bitcoin, which is simply a less stupid form of liquidity than cash, is adventurous enough for an S & P500 company. ”
Blockson CSO’s Samson Mow responds to Musk’s insinuation that he personally considers DOGE higher than BTC. said, “You’re just sad you didn ‘t buy earlier.”
However, Musk also claimed that it would be foolish not to look for alternative investments, while ‘fiat currency has a negative real interest’:
‘If fiat currency has negative real interest, only a fool would not look elsewhere. Bitcoin is almost as big as money. The key word is ‘almost’. ”
Elon Musk’s Twitter account is seen as the catalyst for Dogecoin’s dramatic recovery from the r / Wallstreetbets-led pump and dumping that targeted the meme coin at the end of January, with the billionaire. describe DOGE as “the people’s crypto.”
However, Musk tweeted on February 15 to warn about the heavy concentration of Dogecoin supply in the hands of a small number of whales. sacrifice to pay the leading DOGE holders to invalidate their accounts.