Tesla CEO Elon Musk Reiterates Dogecoin ‘Has Potential as Currency’ as Twitter Transaction Shelved – Featured Bitcoin News

Tesla and Spacex CEO Elon Musk said that Dogecoin has potential as a currency. However, his Twitter acquisition has been put on hold “to be detailed that spam/fake accounts do represent less than 5% of users.”

Elon Musk Says Dogecoin Has Potential To Be A Currency

Tesla CEO Elon Musk made another bullish statement on the meme cryptocurrency Dogecoin (DOGE) despite a massive sell-off across the cryptocurrency market.

Musk affirmed that Dogecoin “has the potential to be a currency.” His tweet was in response to comments made by Dogecoin co-founder Billy Marcus, who said the reason he likes the meme cryptocurrency is because “it knows it’s stupid.”

Tesla CEO Elon Musk reiterates that Dogecoin has 'potential to be a currency' as Twitter deal shelved

Tesla CEO’s tweet reiterates his previous statement that DOGE is The best cryptocurrencies to tradeBy contrast, he said Bitcoin is better suited as a store of value. Musk, known in the cryptocurrency community as the father of Doge, also said that Dogecoin is “People’s cryptocurrency. “

A longtime DOGE supporter, Musk tweeted in April 2019: “Dogecoin is probably my favorite cryptocurrency. It’s so cool.” The Tesla boss also revealed that he Personally owned Dogecoin other than Bitcoin and Ethereum.

Musk’s Twitter deal on hold

Tesla boss has proposed purchase About $44 billion for Twitter, the social media company took it.Since then, he has been discussing various approaches promote the platform.

However, Musk announced on Friday that his Twitter acquisition deal has now been put on hold, tweeting:

Twitter deal on hold pending details to support counting spam/fake accounts do represent less than 5% of users

Still, he added that he “remains committed to [the] get. “

One of the biggest problems he’s trying to solve is cryptocurrency spam bots. Musk calls it “single most annoying question on twitter. Shark Tank star and owner of NBA team Dallas Mavericks Mark Cuban advises Use Dogecoin As a solution to the Twitter spam problem. Musk responded that it was “not a bad idea.”He also said that Dogecoin may be accepted twitter blue Serve.

What do you think of Elon Musk’s Dogecoin comments and his Twitter deal being put on hold? Let us know in the comments section below.

Kevin Helms

As an Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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