Recently, a single tweet from Tesla CEO Elon Musk sent the value of the most popular cryptocurrency, Bitcoin, falling after it reached an unprecedented market capitalization earlier this year. The eccentric billionaire is quite vocal about cryptocurrencies on Twitter and was the key reason for the recent popularity of the meme-based cryptocurrency, Dogecoin. Now, after the collapse of Bitcoin, Musk showed appreciation for Dogecoin once again and said that he would not be selling his Dogecoin holdings anytime soon.
Tesla investor Dave Lee (@ hedave7) recently shared a tweet in which he said that he “does not believe Elon (Musk) will ever sell his stake in Doge” as he is the “ultimate holder”. To this, Musk responded by saying that he has not sold and “will not sell any Doge.” You can see the tweet below.
Now, we don’t know how much Musk has invested in the meme-based cryptocurrency. However, following his tweet, we know that Musk won’t be getting rid of his Doge possessions anytime soon. The week before, the Teslaquila maker shared a tweet mentioning Dogecoin, which reportedly increased the value of the cryptocurrency by 15%.
Before this, Musk shared another tweet on Wednesday, May 19, saying that Tesla has “diamond hands” (via emojis). This reportedly indicated that the electric car maker will maintain its investment in Bitcoin even after the recent crash. However, the company stopped accepting Bitcoin as a payment option. Instead, it is looking to switch to Dogecoin.