New Delhi: Over the past few months, Elon Musk’s preference for Dogecoin as an investment option over other cryptocurrencies or stocks has been quite clear. On several past occasions, he has directly or indirectly asked investors to put their money in the cryptocurrency that was launched as Mem Coin.
On one such occasion, Musk has now shared an advice for Dogecoin investors. Responding to a tweet by Bill Lee, founding partner of West Coast Holdings, Musk simply pointed to his hopes for the digital asset.
Lee, who has also invested in firms owned by Musk, said “not your key, not your crypto,” in response to a tweet that suggested the idea of Dogecoin metaverse gateway, MyDogWallet, which takes on crypto. can significantly reduce dependencies. Trading platforms like Binance and Robinhood.
A Twitter user who goes by the Twitter handle @MyDogeCTO said, “The main focus of the @MyDogeOfficial vision is to break the reliance on CEXs like Binance and Robinhood and let #shibes take custody of their own coins!”
In response, Lee said, “Not your keys, not your crypto.” Pretty soon, Musk followed suit and replied to Lee in just one word – “Absolutely.” However, the Tesla chief did not clarify the subject further. Read also: Xiaomi Redmi Note 11 4G with 6.5 Full HD+ Display Launched: Check Features, Price
Musk, who claims to have never sold the cryptocurrency stored in his portfolio, previously explained that he does not like how crypto exchanges handle digital coins owned by retail investors. On the other hand, he has remained a staunch supporter and believer of cryptocurrencies, especially Dogecoin. Read also: Sensex climbs 454 points; Reliance Industries rebounds over 6%
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