As soon as the company of the celebrity CEO buys their fill of the now heavily discounted crypto, he will walk back his previous statements.

He wants that price high again so his company can make their earnings numbers.

Elon Musk

Dogecoin

Elon Musk Crashed The Bitcoin Price And Proposed A Radical Dogecoin Upgrade To Beat Bitcoin ‘Hands Down’ And Become The ‘Currency Of Earth’

Bitcoin and cryptocurrency prices across the board have struggled this week since a sell-off sparked by Tesla TSLA -2.5% billionaire Elon Musk and ethereum co-founder Vitalik Buterin helped wipe $300 billion from the market.

The bitcoin price has lost more than 20% over the last seven days, dragging down the wider crypto market. Dogecoin, the “joke” meme-based cryptocurrency that’s recently rocketed into the crypto top five by value, has also lost ground (even with a surprise Coinbase bombshell).

Now, Musk, the self-appointed technoking of Tesla who was once voted dogecoin’s CEO, has indicated Tesla might have sold more of its bitcoin holdings and proposed a radical dogecoin upgrade that he claims is “needed [for dogecoin] to become the currency of Earth”—and will mean it beats bitcoin “hands down.”

“Ideally, doge speeds up block time 10X, increases block size 10X and drops fee 100X. Then it wins hands down,” Musk said via Twitter in response to a post made by a dogecoin fan account. – Source

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