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1 June 2023
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Twitter CEO Elon Musk: Dogecoin Is My Favorite and Could Become the World Currency

At The Wall Street Journal’s CEO Council Summit on Tuesday, Tesla CEO Elon Musk, well-known for his fascinating comments and actions relating to cryptocurrencies, said, “I’m not advising anyone to buy crypto or bet the farm on Dogecoin.”

Musk added that he continues to be an adherent of Dogecoin (DOGE). He said, “Dogecoin is my favorite cryptocurrency because it has the best humor and dogs.” Nevertheless, he is not recommending that individuals risk their entire savings on cryptocurrency or Dogecoin.

Musk’s remarks in London are a unique occurrence where he has minimized his endorsement of the dog-themed token instead of actively promoting it. Musk indirectly mentioned that Dogecoin might be included as a payment option on Twitter and even stated that DOGE would be accepted as payment for the Twitter Blue membership service.

In April 2021, he referred to himself as “The Dogefather” in a promotional tweet for a Saturday Night Live episode, proclaiming the token “the future of currency.” Additionally, Musk temporarily replaced Twitter’s logo with a Shiba Inu dog image recently, causing a brief but significant 20% surge in the price of Dogecoin. He had also announced that he had bought some of the Dogecoin for his kids and even upheld his pledge to temporarily replace the Twitter logo with a Dogecoin image following his company acquisition.

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