February 17, 2021

Dogecoin

Elon Musk offers money to help Dogecoin become ‘currency of the internet’

Elon Musk has said he will buy out major Dogecoin holders in order to help make the fringe cryptocurrency the “currency of the internet”.

The SpaceX and Tesla CEO, who overtook Amazon founder Jeff Bezos to become the world’s richest person last month, posted several tweets criticising the so-called crypto whales who hoard large stockpiles of Dogecoin.

These large holders are the only thing standing in the way of Dogecoin from becoming a mainstream currency, according to Mr Musk, who has previously suggested that the “people’s crypto” could become the official currency on Mars.

“If major Dogecoin holders sell most

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Dogecoin? A lot of ‘retail punters are going to lose money,’ says crypto expert


‘Unfortunately a lot of retail punters are going to lose money on dogecoin in the long term because there’s really not much there in terms of interesting technology.’

That’s Nic Carter on CNBC on Wednesday explaining the potential perils of piling into dogecoin, as a number of celebrities and captains of industry have been touting the cryptocurrency that was created as a joke back in 2013.

Read: Should I buy dogecoin? Why prices of the cryptocurrency are surging—but risky

Carter underscored to CNBC’s Europe affiliate the fact that is widely understood in the crypto community that dogecoin has

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