Tesla CEO Elon Musk Reaffirms Dogecoin ‘Has Potential as a Currency’ as Twitter Deal Is Put on Hold

Tesla and Spacex CEO Elon Musk says that dogecoin has potential as a forex. However, his Twitter buyout deal has been placed on maintain “pending particulars supporting calculation that spam/faux accounts do certainly signify lower than 5% of customers.”

Elon Musk Says Dogecoin Has Potential as a Currency

Tesla CEO Elon Musk has made one other bullish assertion in regards to the meme cryptocurrency dogecoin (DOGE) regardless of large sell-offs throughout the crypto market.

Musk affirmed that dogecoin “has potential as a forex.” His tweet was in response to a remark by dogecoin co-creator Billy Markus, who stated that the rationale he likes the meme cryptocurrency is as a result of “it is aware of it’s silly.”

The Tesla CEO’s tweet reiterated his earlier assertion that DOGE is the best crypto for transactions. In distinction, he stated bitcoin is best suited as a retailer of worth. Musk, who is thought within the crypto group because the Dogefather, additionally stated that dogecoin is “the people’s crypto.”

A longtime supporter of DOGE, Musk tweeted in April 2019: “Dogecoin is likely to be my fav cryptocurrency. It’s fairly cool.” The Tesla boss additionally revealed that he personally owns dogecoin along with bitcoin and ether.

Musk’s Twitter Deal Is on Hold

The Tesla boss has supplied to buy Twitter for about $44 billion, which the social media firm accepted. Since then, he has been discussing numerous methods to improve the platform.

However, Musk introduced Friday that his Twitter buyout deal has now been placed on maintain, tweeting:

Twitter deal briefly on maintain pending particulars supporting calculation that spam/faux accounts do certainly signify lower than 5% of customers

Nonetheless, he added that he’s “Still dedicated to [the] acquisition.”

One of the most important issues he’s making an attempt to resolve considerations cryptocurrency spam bots. Musk referred to as it the “single most annoying downside on Twitter.” Shark Tank star and the proprietor of the NBA group Dallas Mavericks, Mark Cuban, has steered using dogecoin as an answer to resolve the Twitter spambot downside. Musk responded by saying it’s “not a nasty thought.” He additionally indicated that dogecoin is likely to be accepted for the Twitter Blue service.

What do you consider Elon Musk’s dogecoin remark and his Twitter deal being placed on maintain? Let us know within the feedback part under.