Elon Musk reveals the reason for supporting Dogecoin

Elon Musk, CEO of Tesla and SpaceX, revealed the real reason he supported the Dogecoin coin meme on Sunday (October 24th).

In response to a tweet from DOGE millionaire Glauber Contessoto who couldn’t resist the fascination of Dogecoin, he referred to a poll that found that around a third of US crypto owners DOGE, Musk. own Written:

“I speak to a lot of people who have DOGE on the assembly line at Tesla or who build rockets at SpaceX. They’re not Silicon Valley financiers or technologists. That’s why I decided to support Doge – it’s like cryptocurrency for everyone. “

The Doge community welcomes Musk’s comments and support. Twitter user Contessoto said:

“Most of us don’t come from rich families and aren’t professionals in Silicon Valley. We just want to believe in a cryptocurrency that represents us all. Dogecoin is an ordinary guy embodied in crypto, that’s why we love him. We appreciate your support, Elon. “

A opinion poll The comparison portal Finder shows that more people in the USA own DOGE than in any other country.

“Dogecoin has the highest level of acceptance in the US, with 30.6% of crypto owners claiming to own DOGE. That is 1.6 times the global average acceptance rate of 19.2%. “

At the time of writing, the DOGE price is currently $ 0.2662, up 7.38% over the past week.

DOGE price table | Source: Tradingview

Musk previously said that he personally owns three cryptocurrencies: Bitcoin, Ether, and DOGE. He was on Sunday tweet about some of Dogecoin’s key innovations and confirm that it does not own a Shiba Inu (SHIB).

In August, Musk also agreed with billionaire Mark Cuban that Dogecoin is the “strongest” cryptocurrency in payments.

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