Dogecoin (DOGE) has a new fan: Elon Musk

02 Apr, 2019 | Updated: 02 Apr, 2019
by David Robb
Fun
Dogecoin (DOGE) has a new fan: Elon Musk

In a recent tweet, Elon Musk unexpectedly declared his admiration for a cryptocurrency. The SpaceX founder claimed that Dogecoin (DOGE) might be his "favourite cryptocurrency".

Musk has had mostly positive things to say about the crypto space in the past, and has even had to deny rumors that he is the mysterious Bitcoin founder Satoshi Nakamoto. Although he seems to support the ideology of crypto, he is concerned about the environmental impact of BTC mining, which makes sense given his commitment to renewable technologies and the undeniable facts of climate change.

Read more: What does Elon Musk have to say about Bitcoin?

Although an influential figure, Musk is not always entirely serious when he posts on his Twitter account, and Dogecoin (DOGE) is an unlikely choice for a favourite crypto, despite its popularity. The official Dogecoin (DOGE) account responded by offering him a position as the company's CEO, and it's not clear whether everyone understood the joke or not...

Read more: What could make Bitcoin go mainstream again?

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