Elon Musk revealed why he believes in the meme cryptocurrency dogecoin. He said that many people at Spacex and Tesla have dogecoins, noting that it felt like people’s crypto strong>
Many People Elon Musk talks to at Spacex, Tesla Own Dogecoin
Elon Musk, Spacex CEO and Tesla CEO, revealed Sunday why he started supporting dogecoin. He said that the meme cryptocurrency is owned by many people he meets at both Spacex and Tesla.
Musk responded to Glauber Contessoto’s tweet, which stated that DOGE appeals are real. He was referring to a survey which found that only a third of U.S. crypto owners own the meme cryptocurrency.
Many people I spoke to were interested in Tesla’s production lines or Spacex’s rocket building. They’re not Silicon Valley technologists or financial experts. Doge was my choice. It felt like crypto for the people.
Musk’s support and comment is welcomed by the Doge community. Contessoto replied, “Most people don’t have privileged backgrounds and frankly can’t relate with the experts in Silicon Valley.” We just want to believe that crypto can represent us all. Dogecoin is crypto’s little guy, which is why we love him. Elon, we appreciate your support.
According to a survey conducted by Price Comparison Portal Finder, more Americans own dogecoin in the United States than any other country. According to the survey:
Dogecoin sees its highest adoption in the United States with 30.6% of crypto owners saying they own dogecoin. This is 1.6 times the global average adoption rate of 19.2%.
At the time of writing, the price of dogecoin is up 11.31% over the past week, with DOGE sitting at $0.2664 based on data from Bitcoin.com Markets.
Musk previously said he personally owns three cryptocurrencies: bitcoin, ether, and dogecoin. On Sunday, he tweeted several important dogecoin improvements and confirmed that he does not own any shiba inu tokens. In August, the Tesla boss agreed with the Shark Tank star Mark Cuban that dogecoin is the “strongest” crypto for payments.
