{"id":465721,"date":"2022-06-20T16:58:54","date_gmt":"2022-06-20T13:58:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/elon-musk-still-buying-dogecoin-despite-cryptocurrency-crash\/"},"modified":"2022-06-20T16:58:54","modified_gmt":"2022-06-20T13:58:54","slug":"elon-musk-still-buying-dogecoin-despite-cryptocurrency-crash","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/elon-musk-still-buying-dogecoin-despite-cryptocurrency-crash\/","title":{"rendered":"#Elon Musk still buying dogecoin despite cryptocurrency crash"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36ebf72564e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36ebf72564e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/elon-musk-still-buying-dogecoin-despite-cryptocurrency-crash\/#%E2%80%9CElon_Musk_still_buying_dogecoin_despite_cryptocurrency_crash%E2%80%9D\" >&#8220;Elon Musk still buying dogecoin despite cryptocurrency crash&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CElon_Musk_still_buying_dogecoin_despite_cryptocurrency_crash%E2%80%9D\"><\/span>&#8220;Elon Musk still buying dogecoin despite cryptocurrency crash&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Billionaire Elon Musk hasn\u2019t abandoned his support of the meme token dogecoin despite the collapsing prices of bitcoin and other leading cryptocurrencies.<\/p>\n<p>The Tesla CEO indicated that he is adding to his dogecoin stake, even as other investors dump their cryptocurrency and other risky assets in response to the Federal Reserve\u2019s move to tighten monetary policy through interest rate hikes.<\/p>\n<p>\u201cI will keep supporting Dogecoin,\u201d Musk tweeted on Sunday.<\/p>\n<p>When a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> user replied by saying Musk should \u201ckeep buying it\u201d to show his support, the billionaire replied, \u201cI am.\u201d<\/p>\n<p>Dogecoin\u2019s price was up more than 4% to about $0.06 per token on Monday following Musk\u2019s tweets. The meme token also rose nearly 10% on Sunday. However, dogecoin\u2019s price is still down more than 90% since hitting its all-time high of $0.74 in May 2021.<\/p>\n<p>Musk has emerged as a major backer of bitcoin, dogecoin and other cryptocurrencies in recent months despite their propensity of volatile trading.<\/p>\n<p>Dogecoin has regularly surged in value when Musk speaks publicly about his interest. Last year, the price surged ahead of Musk\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>earance as a guest-host on \u201cSaturday Night Live, hitting its all-time high before quickly dipping once the episode aired.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/elon-musk-1-3.jpg?w=1024\" alt=\"Elon Musk\" class=\"wp-image-22728280\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/elon-musk-1-3.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/elon-musk-1-3.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/elon-musk-1-3.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Elon Musk has repeatedly backed cryptocurrencies despite their volatility.<\/figcaption><figcaption><span class=\"credit\">Getty Images for The Met Museum\/<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dogecoin.jpg?w=1024\" alt=\"Dogecoin\" class=\"wp-image-22728278\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dogecoin.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dogecoin.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dogecoin.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Dogecoin is down more than 90% from its all-time high.<\/figcaption><figcaption><span class=\"credit\">NurPhoto via Getty Images<\/span><\/figcaption><\/figure>\n<p>Earlier this year, Musk revealed that\u00a0Tesla had begun accepting dogecoin\u00a0as payment for some merchandise in its online store.\u00a0SpaceX is slated to accept dogecoin\u00a0in the near future.<\/p>\n<p>Musk has also floated the possibility that some Twitter users will be able to use dogecoin for transactions within the social media app if his $44 billion takeover deal closes.<\/p>\n<p>Musk touched on his plans for dogecoin in a cryptic tweet on Saturday, hinting that both of his companies could accept the cryptocurrency for other items in the future.<\/p>\n<p>\u201cTesla and SpaceX merch, maybe more down the road,\u201d he said.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/elon-musk-dogecoin.jpg?w=1024\" alt=\"Dogecoin\" class=\"wp-image-22728281\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/elon-musk-dogecoin.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/elon-musk-dogecoin.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/elon-musk-dogecoin.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Tesla accepts dogecoin as payment in its online store.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Musk\u2019s latest tweets on dogecoin came just days after the tech billionaire was slapped with a $258 billion federal lawsuit which alleged that he and his companies \u201care engaged in a crypto pyramid scheme by way of dogecoin cryptocurrency.\u201d<\/p>\n<p>As The Post reported, the plaintiff, Keith Johnson, wants to represent a class of people who have lost money investing in dogecoin.<\/p>\n<p>Top crypto tokens have plunged in tandem with traditional stocks this year as investors brace for the possibility of a recession.<\/p>\n<p>Last week, Musk reacted with a single word when bitcoin fell below $21,000 for the first time since December 2020.<\/p>\n<p>\u201cCryptonight,\u201d Musk tweet.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/20\/elon-musk-still-buying-dogecoin-despite-cryptocurrency-crash\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Elon Musk still buying dogecoin despite cryptocurrency crash&#8221; Billionaire Elon Musk hasn\u2019t abandoned his support of the meme token dogecoin despite the collapsing prices of bitcoin and other leading cryptocurrencies. The Tesla CEO indicated that he is adding to his dogecoin stake, even as other investors dump their cryptocurrency and other risky assets in response&#8230;<\/p>\n","protected":false},"author":1,"featured_media":465722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/elon-musk-00.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74862,86883,130516,76127,39394,70678,36402],"class_list":["post-465721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-dogecoin","tag-6-20-22","tag-cryptocurrency","tag-elon-musk","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/465721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=465721"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/465721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/465722"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=465721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=465721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=465721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}