tesla ceo elon musk reaffirms dogecoin 'has potential as a currency' as twitter deal is protract

tesla and spacex ceo elon musk says that dogecoin has potential as a currency. howbeit, his twitter buyout deal has been hinder “pending details supporting calculation that spam/fake accounts do indeed represent underneath 5% of end user.”

tesla ceo elon musk be within one's area another bullish statement about the meme cryptocurrency dogecoin (doge) despite massive sell-offs across the crypto market.

musk affirmed that dogecoin “has potential as a currency.” his tweet was in reply to a comment by dogecoin co-creator billy markus, who said that the reason he likes the meme cryptocurrency is because “it knows it is stupid.”

the tesla ceo’s tweet reiterated his earlier statement that doge is choice crypto for transactions. in contrast, he said bitcoin is better suited as a store worthwhile. musk, who is known in the crypto community as the dogefather, also said that dogecoin is “polity’s crypto.”

a longtime supporter of doge, musk tweeted in april 2019: “dogecoin as it may be my fav cryptocurrency. it’s pretty cool.” the tesla leader also revealed that he personally be in possession of dogecoin counting bitcoin and ether.

the tesla leader has offered to buy twitter for about $44 billion, whatever the social media service company accepted. since then, he has been discussing various ways to improve the platform.

howbeit, musk announced friday that his twitter buyout deal has now been hinder, tweeting:

twitter deal temporarily postponed pending details supporting calculation that spam/fake accounts do indeed represent underneath 5% of end user

nonetheless, he added that he is “close-mouthed committed to [the] acquisition.”

one of the biggest problems he’s trying to solve concerns cryptocurrency spam bots. musk termed it the “single most annoying problem on twitter.” shark tub star and the owner of the nba team dallas mavericks, mark cuban, has suggested using dogecoin as a solution to solve the twitter spambot problem. musk retort by saying it is “not a cheap concept.” he also indicated that dogecoin might succeed for the twitter blue service.

what do you fret elon musk’s dogecoin comment and his twitter deal being hinder? let us know in the comments section below.

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2022-05-14 01:36:02