Billionaire Elon Musk is one of the most vocal supporters of Dogecoin. Using his platform and notoriety, Musk had been one of the major factors behind the run-up to $0.70 for DOGE in early 2021 before it began to decline. Nevertheless, the billionaire has not faltered in his support for Dogecoin and continues to be very open about his position on it. Recently, the ‘Dogefather’ revealed why he had invested in the meme coin and began to promote it.
In a recent interview with Bloomberg, the SpaceX CEO opened up about the reason he had gotten into the meme coin in the first place. Musk who had suddenly begun to shill Dogecoin in early 2021 said during the interview that he had actually gotten into Dogecoin because of SpaceX and Tesla employees, two companies on which he serves as CEO.
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