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Elon Musk Issues Crypto Warning Ahead of Expected Dogecoin SNL Skit

Elon Musk, the tech billionaire who can influence Dogecoin’s price with his tweets, warned his Twitter followers against overinvesting in crypto—a day before he’s expected to air a skit about the coin on Saturday Night Live.
“Cryptocurrency is promising, but please invest with caution!” Musk tweeted. Dogecoin rose from $0.57 to $0.59 immediately after the tweet. It now trades for $0.62.
Attached to Musk’s tweet is a video interview that online media outlet TMZ published in February.

Cryptocurrency is promising, but please invest with caution! https://t.co/A4kplcP8Vq
— Elon Musk (@elonmusk) May 7, 2021

In the video, Musk told a gaggle of eager reporters and fans, “People should not invest their life savings in cryptocurrency. That’s unwise.”
Musk then expressed his support for crypto: “If you want to speculate, maybe have some fun—there’s a good chance crypto is the future currency of the earth.”
He said that Dogecoin’s success depends on “the will of the

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Źródło: https://decrypt.co/70172/elon-musk-issues-crypto-warning-ahead-of-expected-dogecoin-snl-skit

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