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