Elon Musk tweeted in response to the “Dogecoin millionaire” Glauber Contessoto that he sees Dogecoin as “the individuals’s crypto,” and defined why he helps the cryptocurrency. Musk’s tweets about his pet canine Floki typically have Shiba Inu (SHIB) costs hovering however the billionaire Tesla CEO has now set the report straight, revealing he would not really personal any SHIB tokens, however Dogecoin (DOGE) does make it to his private portfolio. Musk was all reward for the unique memecoin on Twitter, clarifying that he helps Dogecoin as a result of “it felt just like the individuals’s crypto.” The celeb entrepreneur typically likes to maintain his crypto-related tweets brief and open to interpretation, however in a uncommon swap, Musk determined to elaborate on his funding calls.
Musk praised DOGE whereas replying to a tweet a couple of survey stating that almost 33 % of cryptocurrency house owners within the US personal the crypto asset. “A number of individuals I talked to on the manufacturing traces at Tesla or constructing rockets at SpaceX personal Doge. They don’t seem to be monetary consultants or Silicon Valley technologists. That is why I made a decision to assist Doge—it felt just like the individuals’s crypto,” Musk mentioned in a tweet.
A number of individuals I talked to on the manufacturing traces at Tesla or constructing rockets at SpaceX personal Doge. They don’t seem to be monetary consultants or Silicon Valley technologists. That is why I made a decision to assist Doge – it felt just like the individuals’s crypto.
— Elon Musk (@elonmusk) October 24, 2021
Whereas the survey in query here’s a separate one, the metric does corroborate with findings from Australian analysis agency Finder who not too long ago printed a research the place virtually 30 % of crypto holders within the US claimed to personal Dogecoin.
The Tesla and SpaceX CEO, in a very uncommon, conversational temper, additionally commented on potential interactions with the Doge growth group and whether or not he had any hints on upcoming enhancements. “Not not too long ago. What issues imo [in my opinion] is decreasing charges, reducing block time & rising block dimension. A single layer community with exchanges as de facto layer 2 looks as if the best answer for a medium of alternate,” Musk mentioned.
yeah – IMO dogecoin being quick, scalable, and cheap to ship round is all it must be, it would not have to be yet one more blockchain that hosts NFTs or different tokens or no matter
the tech to get there may be complicated, however that utility is straightforward and wanted – magnificence in simplicity
— Shibetoshi Nakamoto (@BillyM2k) October 24, 2021
Dogecoin co-creator Billy Markus was fast to answer this tweet by Musk. “Imo [in my opinion] dogecoin being quick, scalable, and cheap to ship round is all it must be, it would not have to be yet one more blockchain that hosts NFTs or different tokens or regardless of the tech to get there may be complicated, however that utility is straightforward and wanted—magnificence in simplicity,” Markus mentioned.
The collection of tweets from Musk got here shortly after he had confirmed that he at present holds solely three cryptocurrencies — Bitcoin, Ether, and Dogecoin.
