Dogecoin Is Elon Musk’s Favorite Cryptocurrency, Here’s Why

Dogecoin Is Elon Musk’s Favorite Cryptocurrency, Here’s Why

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Dogecoin Is Elon Musk’s Favorite Cryptocurrency, Here’s Why

Bitcoinist.com10 days ago
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Published on August 05, 2022 23:00 GMT+00:00edited on August 07, 2022 12:09 GMT+00:00

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Billionaire Elon Musk has been Dogecoin’s biggest supporter, and he has not been shy to say it. It was indeed the SpaceX CEO’s tweets that triggered the bull rally that saw the meme coin hit a high of $0.7 last year before starting its slow downtrend. However, even with the fact that Dogecoin has seemingly lost most of its gained value, Elon Musk has not relented on his support for Dogecoin and explained why he loves it in a recent podcast.

What’s Not To Love?

Elon Musk was a guest on the “Full Send” where he talked about cryptocurrencies and Dogecoin in particular. The billionaire revealed that he was still strongly in support of the meme coin and took it a step further to explain why he was such an avid supporter of it.

According to Musk, he mainly likes Dogecoin due to the theme …