Elon Musk scales back Dogecoin hype while DOGE price rebounds 23%

Musk appeared to cool the hype on Dogecoin while suggesting the meme coin’s fate was now in the hands of the gods.
Hours ahead of Elon Musk’s appearance on Saturday Night Live, the Tesla CEO appeared intent on cooling the flurry of hype he’d created around the meme cryptocurrency Dogecoin (DOGE). Months of light-hearted build-up lead to a sobering punchline on Thursday, as Musk reminded TMZ viewers that cryptocurrency investments remained speculative. Responding to whether he thought Dogecoin was made less valuable by the fact of its inflationary supply, Musk conceded that this was the case, adding:“I think people should not invest their life savings in cryptocurrency, to be clear. I think that’s unwise.”Musk said he thought there was a chance that cryptocurrency could become the primary currency used on earth, but knowing which one it would be remained guess work.“There’s a good chance that crypto is the futur

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Źródło: https://cointelegraph.com/news/elon-musk-scales-back-dogecoin-hype-while-doge-price-rebounds-23

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