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Dogecoin has a great future ahead: Elon Musk

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Elon Musk
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  • Elon Musk is always been seen backing Dogecoin and his belief in that cryptocurrency seems to not have sunk till now. 

As the bearish market becomes more violent, there are many who are predicting the projects that will be capable of bearing this and coming out even stronger. The prediction is more likely to be intended toward Bitcoin and Ethereum but the CEO of a recently owned social media keeps Dogecoin in that list and trusts that it will have a great future. 

The CEO jumped over a Twitter space in which he shared his opinion over the current crypto market climate and named those assets which he trusts will bear everything and come out stronger. In that very space, 1 Million were connected with Musk. According to him, the digital assets which is going to survive is Bitcoin, Ethereum and Dogecoin.

In line with the chief executive officer, this poorly performing crypto market will last for a long time, and these were the three digital assets he trusts will survive in the future. Apart from that, he wasn’t that sure about other assets. 

“I believe there’s possibly a future for Bitcoin, Ethereum and Dogecoin. I am actually not sure about the others,” the CEO said. “But if you have any one of the three in a cold wallet, and of an exchange, I believe my prediction is it works out all right.” 

It also confirms the billionaire’s support for the cryptocurrency even at that time when it had lost an important part of its all-time high value.

The downfall of FTX will eventually led to bankruptcy is currently among the hot topics at which everyone is giving their point along which Elon Musk. The billionaire repeated that investors should take this as an indication to not store their assets on exchanges. Rather than this, they should keep them in cold wallets. 

Musk about Sam Bankman-Fried

Talking about the former chief executive officer of FTX, Sam Bankman-Fried, Musk repealed that he had firstly heard about Sam in April of this year in regards with the Twitter purchase deal. “I got millions of people telling me that he has a lot of money that he wants to acquire the Twitter. 

The billionaire’s support for Bitcoin, Ethereum and Dogecoin has aided regarding the performance of the very assets. They are not entirely on the road to recovery yet but have been keeping the company after making great support.

Bitcoin is still trading strongly above $16,800 at the same time Ethereum is standing at $1,200. Talking about Dogecoin, its value is holding at about $0.089. 

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