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Dogecoin in Elon Musk’s list of cryptos with a good future

Elon Musk, 51 year-old billionaire and business magnate who recently acquired Twitter in a controversial series of deals has announced Dogecoin as his favorite cryptocurrency. Formerly, Musk had named his favorite crypto asset Dogecoin several times. Not only did he name DOGE his favorite crypto asset but also added it to the list of coins that will have a good ‘future.’

Dogecoin in Elon Musk’s list of cryptos with a good future
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He shared his thoughts in a recent Tweet introducing the assets he thinks would definitely survive the crypto winter. Initially, it was only Bitcoin and Ethereum on his list but later on he also added Dogecoin.

The Tweet reads: 

“I think there probably is a future for Bitcoin, Ethereum, and DOGE. I can’t really speak to the others, but if you’ve got one of those three in a cold wallet, and on an exchange, I think my guess is it works out well.” said the billionaire.

Musk has also expressed his opinion on the recent collapse of FTX and the FTX saga by saying that  investors should take this as a sign to not hold their cryptocurrencies on exchanges. Instead, they should store them in cold wallets.

Commenting on the issue, the billionaire has said that he had first heard of SBF in April 2022 in relation to the Twitter acquisition deal. 

"To be honest, I'd never heard of him," Musk told listeners. "But then I got a ton of people telling me he's got, you know, huge amounts of money that he wants to invest in the Twitter deal. And I talked to him for about half an hour. And I know my bulls--t meter was redlining. It was like, this dude is bulls--t - that was my impression."

said Musk. 

Interestingly, the price of the three (BTC, ETH and DOGE) has shown small improvements in the past week, with ETH’s price holding at $1201.24 and the price of Bitcoin being $16583 at the time of writing. 

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