Tesla CEO Elon Musk stated in a tweet that he sees Dogecoin as the world’s largest cryptocurrency and continues to support DOGE.
Tesla CEO Elon Musk reiterated his support for Dogecoin in a tweet he shared. In response to Dogecoin developer Billy Markus on Twitter, Musk tweeted that DOGE has the potential to become a fiat currency.
“People’s Cryptocurrency Dogecoin”
While talking about Dogecoin, Musk repeatedly referred to “the people’s crypto currency money,” he stressed. Musk also stated that Dogecoin has potential as a currency.
It has potential as a currency
— Elon Musk (@elonmusk) May 12, 2022
However, the Tesla boss has previously expressed his thoughts on whether Dogecoin can replace fiat money. had brought.
Robinhood CEO Vlad Tenev last month said that Dogecoin is a much cheaper alternative to popular card networks.
Along with the overall decline in the cryptocurrency market, Dogecoin is now down more than 91% from its peak achieved a year ago. The meme cryptocurrency had seen a short-lived price spike after Twitter finalized its deal with Musk. The price of Dogecoin, which later fell further along with the rest of the market, dropped below 10 cents earlier this week.
