Tesla CEO Elon Musk Reaffirms Dogecoin ‘Has Potential as a Currency’ as Twitter Deal Is Put on Hold

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Tesla CEO Elon Musk Reaffirms Dogecoin 'Has Potential arsenic  a Currency' arsenic  Twitter Deal Is Put connected  Hold

Tesla and Spacex CEO Elon Musk says that dogecoin has imaginable arsenic a currency. However, his Twitter buyout woody has been enactment connected clasp “pending details supporting calculation that spam/fake accounts bash so correspond little than 5% of users.”

Elon Musk Says Dogecoin Has Potential arsenic a Currency

Tesla CEO Elon Musk has made different bullish connection astir the meme cryptocurrency dogecoin (DOGE) contempt monolithic sell-offs crossed the crypto market.

Musk affirmed that dogecoin “has imaginable arsenic a currency.” His tweet was successful effect to a remark by dogecoin co-creator Billy Markus, who said that the crushed helium likes the meme cryptocurrency is due to the fact that “it knows it is stupid.”

Tesla CEO Elon Musk Reaffirms Dogecoin 'Has Potential arsenic  a Currency' arsenic  Twitter Deal Is Put connected  Hold

The Tesla CEO’s tweet reiterated his earlier connection that DOGE is the best crypto for transactions. In contrast, helium said bitcoin is amended suited arsenic a store of value. Musk, who is known successful the crypto assemblage arsenic the Dogefather, besides said that dogecoin is “the people’s crypto.”

A longtime protagonist of DOGE, Musk tweeted successful April 2019: “Dogecoin mightiness beryllium my fav cryptocurrency. It’s beauteous cool.” The Tesla brag besides revealed that helium personally owns dogecoin successful summation to bitcoin and ether.

Musk’s Twitter Deal Is connected Hold

The Tesla brag has offered to buy Twitter for astir $44 billion, which the societal media institution accepted. Since then, helium has been discussing assorted ways to improve the platform.

However, Musk announced Friday that his Twitter buyout woody has present been enactment connected hold, tweeting:

Twitter woody temporarily connected clasp pending details supporting calculation that spam/fake accounts bash so correspond little than 5% of users

Nonetheless, helium added that helium is “Still committed to [the] acquisition.”

One of the biggest problems he’s trying to lick concerns cryptocurrency spam bots. Musk called it the “single astir annoying occupation connected Twitter.” Shark Tank prima and the proprietor of the NBA squad Dallas Mavericks, Mark Cuban, has suggested using dogecoin arsenic a solution to lick the Twitter spambot problem. Musk responded by saying it is “not a atrocious idea.” He besides indicated that dogecoin mightiness beryllium accepted for the Twitter Blue service.

What bash you deliberation astir Elon Musk’s dogecoin remark and his Twitter woody being enactment connected hold? Let america cognize successful the comments conception below.

Kevin Helms

A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.

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