{"id":12090,"date":"2023-05-24T19:24:56","date_gmt":"2023-05-24T19:24:56","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=12090"},"modified":"2023-05-24T19:24:58","modified_gmt":"2023-05-24T19:24:58","slug":"dogecoin-is-still-elon-musks-favorite-crypto-but-hes-careful-not-to-endorse-it","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=12090","title":{"rendered":"Dogecoin is still Elon Musk\u2019s \u2018favorite\u2019 crypto, but he\u2019s careful not to endorse it"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Elon Musk is still a fan of Dogecoin, even if he is choosing to be much more careful in how he expresses it.<\/p>\n<p>Speaking at <i>The Wall Street Journal<\/i>\u2019s CEO Summit in London, the Tesla and SpaceX CEO reaffirmed his affinity for Dogecoin while being careful not to promote it explicitly.\u00a0<\/p>\n<p>When asked if he was still \u201ca fan\u201d of crypto, Musk hedged his words. \u201cI\u2019m not advising anyone to buy crypto or bet the farm on Dogecoin, for example. Don\u2019t bet the farm on Dogecoin!\u201d he scolded before continuing with a grin: \u201cMaybe you should. But let me advise you that would be, perhaps, unwise.\u201d<\/p>\n<p>While the back-and-forth in tone suggested that the billionaire entrepreneur has been made aware of the potential ramifications of such public comments, Musk appeared unable to completely reign in his affection for the original memecoin, calling Dogecoin his \u201cfavorite\u201d crypto \u201cbecause it has the best humor, and has dogs.\u201d <\/p>\n<p>When pressed on the fact that Dogecoin is still far below its 2021 highs, Musk deflected the question with a musing:<\/p>\n<p>&#8220;You know, a friend of mine has saying: that the most ironic explanation is the most likely. And the most ironic outcome for currency would be that the thing that was made as a joke to make fun of cryptocurrencies\u2026becomes the global currency.&#8221;<\/p>\n<p>Musk\u2019s more conservative stance sharply contrasts with his more inflammatory comments toward regulators. Perhaps most notable is an infamous 2018 <i>60 Minutes<\/i> interview in which he proclaimed, \u201cI do not respect the SEC,\u201d in response to charges that he had used Twitter to manipulate the price of Tesla stock. <\/p>\n<p>Less famous, however, are the words he followed that comment with: \u201cI respect the Justice system.\u201d Musk settled the charges with the SEC that same year.<\/p>\n<p>Musk&#8217;s acknowledgment of Dogecoin as his &#8220;favorite&#8221; crypto still had the effect of drawing attention to itself, though it did not affect the coin\u2019s price in this instance \u2014 in fact, DOGE is down almost 3% since Musk\u2019s comments yesterday.\u00a0<\/p>\n<p>The post Dogecoin is still Elon Musk\u2019s &#8216;favorite&#8217; crypto, but he&#8217;s careful not to endorse it appeared first on CryptoSlate.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/dogecoin-is-still-elon-musks-favorite-crypto-but-hes-careful-not-to-endorse-it\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk is still a fan of Dogecoin, even if he is choosing to be much more careful in how he expresses it. Speaking at The Wall Street Journal\u2019s CEO Summit in London, the Tesla and SpaceX CEO reaffirmed his affinity for Dogecoin while being careful not to promote it explicitly.\u00a0 When asked if he [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-12090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12090"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12090\/revisions"}],"predecessor-version":[{"id":12092,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12090\/revisions\/12092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/12091"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}