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.
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