Don't rely on Dogecoin — Elon Musk

The billionaire was generous with advice for investors. He recommended not to rely too much on DOGE. Also, he does not advise investing all his funds in it.

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When the WSJ summit was held in the UK capital, Elon Musk announced that DogeCoin remains his favorite digital currency. He claims that it is the best among cryptocurrencies, as it has a chic humor and dogs.

However, he also added that he does not advise buying it or relying heavily on DOGE. Note that the entrepreneur is constantly promoting this asset. So in April last year, he made an offer to reduce the cost of subscribing to Twitter Blue, as well as to give the opportunity to pay for premium in meme currency.

In June of the same year, Ilon was accused of promoting the coin, calling it a cryptocurrency pyramid. At the same time, he demanded compensation. Its amount is $ 258 billion. Later, the billionaire's lawyers reported that the claims were made up.

At the beginning of this year, the meme cryptocurrency began to grow due to a series of posts by Elon on the social network Twitter. For example, Musk introduced his dog as the CEO of the social network Twitter, including him on the board of directors.

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