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Why did Elon Musk invest in Bitcoin, why not is own doge coin
- Thread starter Ziki
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We all know that term Elon musk is a smart business man so why you are you saying why did he not invest in his dodge coin does not concerns you you should be able to look at it from this angle that tell there is what we call social media influencer influencing what you sell it is a strategy that we chose this business people try to apply to achieve what ever they are trying to sell so so so sorry we will see influence if somebody that is influential and Rich can actually influence what is invoke so when the influence what is a book you will see that there will be a lot of investment they will be lot of people would invest more in it.
For the same reason that anybodycwho is interested in the crypto space must always first have a taste of Bitcoin before other alt coins. Its like the leader in the pack. He must have personally been investing in it over time but coming out officially to make a public listed company have a portfolio of it all such transactions music be detailed and made public.
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Elon musk is a smart dude and was just playing around with those dogecoin tweets and all,Apart from Elon musk tweeting about the dogecoin what else has he done to develop and grow the coin? Has he invested in it like he did for Bitcoin?
I think Elon musk is just catching fun and playing, dogecoin is a MemeCoin and it was not created for business or growth or something serious, just for fun that's all.
I think Elon musk is just catching fun and playing, dogecoin is a MemeCoin and it was not created for business or growth or something serious, just for fun that's all.
He still value doge coin but not as serious as bitcoin Investment , obviously his tweets has been making significant improvement in Doge coin, the coin has stayed very long and I don't think it is gonna crash again but Continue to grow.
Elon musk is a business man and he buying bitcoin is just a normal business strategy, and he's the owner of doge coin which am sure he has invested in earlier. So to me it's not a big deal and I don't think people who invested in doge should be afraid.
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Cryptocurrency as one of the means of transactions is being integrated into their payment system. Accepting bitcoin has already paid off, where a company is receiving payment for its services in crypto, where the price is fixed and pegged against fiat currency compared to crypto whose value is determined by the price action in the market, it will definitely grow as the years go by.
It's just business. Every business man would want to make profit and Bitcoin seems like the crypto coin with good profit but high investment which musk could definitely afford and he already has bought some Dodge coin.
The decision to invest on bitcoin instead of dogecoin is a very good one considering the interest of Elon musk. The purpose of the investment is to make profit. Bitcoin has the popularity and it’s highly in demand. Dogecoin is an upcoming cryptocurrency. Elon musk is wise investor cause certainly bitcoin will earn him high returns in a short period of time compared to dogecoin.
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I think bitcoin have a bright future and have a value in all digital currency and veryone knows it also know it's price it is also a good step by elon musk.
All aboard the Reddit Dogecoin wagon is CEO Elon Musk, but his company obviously has no plans yet to embrace the particular crypto. With Bitcoin, buy a Tesla? It happens. On Monday, Tesla revealed it would soon offer another way of paying for its electric cars: Bitcoin.
Maybe he invested in bitcoin as tesla announces its partnership on bitcoin and elon musk have a shares on the tesla and also he is belongs to the richest people and earlier he did advertise the dogecoin that is now doing well aiming to reach for the dream.
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He is a business man, he sees the amount of profit he can make in bitcoin so he took the leverage of buying. See business inclined people don't care even if it is there enemy that Seels a particular product and they know they can make huge profit it, they will gladly buy it without thinking twice. He knows that in next 5 years doge coin can not give him the profit bitcoin will give in in a year.
i think elon musk did buying bitcoin CEO Elon Musk is all aboard the Reddit Dogecoin wagon, but his company apparently has no plans to accept that specific cryptocurrency yet. Buy a Tesla with Bitcoin? It's happening. Tesla announced Monday that it will soon offer another way to pay for its electric cars: Bitcoin ....it is a good for elon musk....
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Wow, it's its something of a great surprise,i could not actually believe that Elon musk is the real owner of doge coin.
Investing in bitcoin will aid the growth of dogecoin. Bitcoin has good market value and its rapidly appreciating day in and out, so I think Elon musk investing in bitcoin is sign of the new Era of currency about to begin
Because he is not a fool. When he started talking about Doge, a lot of people rushed to buy doge. However, in interviews Musk has said that he was just joking. His statement is meaningful because "doge was launched as a joke for alt coins." By investing in bitcoin, Musk helped the currency to grow even further.
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That's even the wonderful attributes he alone musk has, he knows the principle of multiple investment and how it can help in growing his wealth, investing on various platforms is not a crime, but a welcome development. Own Doge coin and invest on Bitcoin.
Well, he did invest in bitcoin because of the current value of the crypto currency as well as the plan he has for his company, Tesla. He knew that Dogecoin was only new to the frame and has not gained momentum like the bitcoin. If he had not invested in Bitcoin, then it would not have even been dogecoin as it was far from other coins in terms of the value. Just maybe, he would do that in the future when dogecoin starts having value. Hence, I am not surprise at his decision. Remember, it is in bitcoin he plans to start accepting funds for the purchase of his Tesla Car.
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