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June 28, 2022
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Bitcoin

Elon Musk warns: invest in cryptocurrencies carefully! –

Tesla CEO Elon Musk warns cryptocurrency investors. – Cryptocurrencies are a promising investment, but invest carefully! – he passed on to Bitcoin fans.

Musk warns against overly bold investing in cryptocurrencies

Dogecoin, a cryptocurrency-meme Musk frequently promotes via his Twitter account, surged again after Tesla CEO was confirmed to be a guest on the popular sketch comedy show Saturday Night Live (SNL).

DOGE reached a new high of USD 0.7. Only now it costs only $ 0.57.

So Musk warned his Twitter followers not to invest in cryptocurrencies too boldly. In his opinion, people “They should not invest their life savings in any cryptocurrency.” At the same time, however, he argued that it does exist “Good chance that a cryptocurrency [DOGE] will be the future currency of the Earth. “

The bubble will soon burst?

Alex Saunders of Nugget’s News recently made a bet that Musk’s appearance on SNL will likely be the event that will make the DOGE bubble burst. Or that the course will collapse before the show is broadcast.

– Elon Musk was one of the people who tweeted a lot about Dogecoin. He will be appearing on Saturday Night Live, which is big in America, so now there is speculation that he will be talking about Dogecoin. There is such a popular meme that reads: “Dogecoin for a dollar” – he spoke. – It really all started when Dogecoin cost a few cents, and now I think we hit around $ 0.60 or $ 0.70 so it’s unbelievable. The bubble is already in progress. I wouldn’t be surprised if it was a “buy rumors, sell facts” event – he added and suggested that the boom on DOGE is coming to an end anyway.

The founder of Cardano believes that the bursting of the DOGE bubble will bring big problems to the cryptocurrency market.

– Let’s be clear – this is a bubble. The DOGE price is not sustainable. It will collapse and a huge amount of retail investor money will be lost very quickly Charles Hoskinson said. – Once this bubble bursts, I believe it will be a catalyst for regulators and lawmakers to get involved in our industry and harm the industry as a whole. This is not a good party and is by no means permanent – added.

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