Bitcoin News and Finance
Elon Musk Says He Won’t Sell Any Dogecoin — Admits He’s the ‘Ultimate Hodler’ Skip to main content

Elon Musk Says He Won’t Sell Any Dogecoin — Admits He’s the ‘Ultimate Hodler’

Elon Musk Says He Won't Sell Any Dogecoin, Admits He's the 'Ultimate Hodler'

Tesla CEO Elon Musk has confirmed that he has not sold any dogecoin and will not sell any as the price of the cryptocurrency continues to slide over the recent weeks. The “Dogefather” has been working with dogecoin devs “to improve system transaction efficiency” after Tesla suspended accepting bitcoin for payments, citing environmental concerns.

Elon Musk Will Not Sell His Dogecoins

Elon Musk confirmed this week that he has not sold any dogecoin and will not sell any. On Thursday, the Tesla CEO posted an image on Twitter with the question: “How much is that Doge in the window?”

Elon Musk Says He Won't Sell Any Dogecoin, Admits He's the 'Ultimate Hodler'

Twitter user “Dave Lee” responded, “If you missed it this is the sticker on Elon Musk’s gaming laptop. Yes, that’s a dog on a dollar bill.” Musk replied with a clarification: “A longtime Tesla supporter gave me the Doge dollar sticker at Giga Berlin.”

Lee further tweeted: “To clarify, I don’t think Elon would ever sell any his Doge holdings. He’s the ultimate hodler.” The Technoking of Tesla confirmed:

Yeah, I haven’t and won’t sell any Doge.

Elon Musk Says He Won't Sell Any Dogecoin, Admits He's the 'Ultimate Hodler'

It is not known how much dogecoin Musk actually owns other than his tweet on Feb. 10 that he “Bought some dogecoin for lil X, so he can be a toddler hodler.” People have speculated anything from him not owning any DOGE to him being a dogecoin whale. Bitcoin News reported on Friday that Musk could be the owner of a mystery dogecoin whale address currently holding 36.7 billion dogecoins. The price of DOGE is currently $0.3560.

Elon Musk Says He Won't Sell Any Dogecoin, Admits He's the 'Ultimate Hodler'
The price chart for dogecoin. Source: Markets.Bitcoin.com

Musk previously voiced some concerns about the meme cryptocurrency. “Too much concentration is the only real issue,” he said in February, adding, “I will literally pay actual $ if they [dogecoin whales] just void their accounts.”

Nonetheless, he has been all about dogecoin lately, calling himself the Dogefather on several occasions, including during his performance on Saturday Night Live (SNL) on May 8. Musk’s company Spacex also announced that the Doge-1 satellite will be launched to the moon next year. On May 11, Musk set up a poll on Twitter asking his followers if Tesla should accept dogecoin; 78.2% of voters said yes.

After announcing that Tesla has suspended accepting bitcoin for payments, Musk revealed he was “Working with Doge devs to improve system transaction efficiency.” On May 15, he tweeted: “Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down.” His comments have drawn much scrutiny from the crypto community.

As for whether Tesla will sell its BTC stash, Mush tweeted that “Tesla has [diamond hands emojis]” and “Credit to our Master of Coin.” Both Musk and Tesla have confirmed that Tesla has not sold its bitcoins while Musk said that he himself has not sold his BTC.

Meanwhile, the environmental debate between Musk and the bitcoin community has escalated with a growing number of people trying to show Musk that he has been misinformed. For example, Ark Invest said that bitcoin mining could be a net positive for the environment while Shark Tank star Mark Cuban explained that accepting bitcoin actually benefits the environment.

Do you think Elon Musk will ever sell his dogecoin? Let us know in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory