In the midst of the cryptocurrency crisis, Elon Musk will continue to buy DOGE

A dog in a game of bowling – The cryptocurrency crisis we are going through is historic. Bitcoin looks like a beaten dog as it passes the token bar of $ 20,000. The trend also sometimes appears to be in the hands of crypto-skeptics. Twitter, mainstream media, influencers, governments, regulation, fear and hatred all seem to be descending on cryptocurrencies. Bill Gates those who buy cryptocurrency say “crazy”. This is without counting on the word of the crypt optimists. Even at the bottom of the wave, they navigate with ease and continue to support their favorite cryptocurrencies. This is the case of Elon Musk and his dear Doge.

Dogecoin, Elon Musk’s loyal cryptocurrency

It is not a question here of making an article worthy of the column of crushed dogs. But bearish trends lived these last days are such that a positive speech, even by a billionaire with the rhythms of a young mad dog, is nice to keep.

As Saturday morning started red in cryptocurrency prices with Bitcoin falling below $ 20,000 and a Ether running through $ 1000, Elon Musk recalled on Twitter his unconditional support for Dogecoin. He tweeted:

Tweet by Elon Musk – Source: Twitterter

Elon Musk: “I will continue to support Dogecoin”
Altcoin Gordon: “So keep buying it”
Elon Musk: “Yes”

It is common for the original billionaire to throw flowers at his favorite cryptocurrency. Dogecoin is, beyond Elon Musk’s personal interests, a currency accepted as a means of payment in his companies such as Tesla, Space X.

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Hodlers of all kinds in the cryptosphere

The news is almost usual from Elon Musk. His interventions are no longer counted, extolling his merits myselfmy corner

However, considering the context, Elon Musk is already the subject of a class action against him. The object of the appeal? She allegedly advised buying Dogecoin and caused the plaintiffs’ downfall. So it would seem, tweeting these words this weekend, that the billionaire doesn’t want to be a sleeping dog.

Many influential and powerful members of the cryptosphere confirm that in this market period it is good to buy and hold cryptocurrencies (hold, or hodl, according to cryptocurrencies).

Like Elon Musk, hodlers as they are called in slang are therefore positive voices in a hostile environment. Michael Saylor, CEO of MicroStrategy is a living example of this, announcing that it will continue to invest and swing with the price of the cryptocurrency queen: Bitcoin.

The DOGE course is no exception: he has a dog’s life in these delicate times. Passing by $ 0.73 in May 2022 a $ 0.057 at the time of writing. The cryptocurrency has not yet recovered.

While some despise cryptocurrencies, cryptocurrencies therefore continue to be a solid and safe investment. microstrategy, El Salvador, land of bitcoin, they are all reassuring despite the crisis that will have to be overcome. The dogs bark but the caravan moves.

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