{"id":63219,"date":"2022-06-21T13:34:39","date_gmt":"2022-06-21T10:34:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63219"},"modified":"2025-09-05T22:46:56","modified_gmt":"2025-09-05T19:46:56","slug":"elon-musk-will-continue-to-back-dogecoin-despite-the-bear-market","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/elon-musk-will-continue-to-back-dogecoin-despite-the-bear-market\/","title":{"rendered":"Elon Musk will continue to back Dogecoin, despite the bear market"},"content":{"rendered":"<p>Elon Musk reaffirmed his support for the cryptocurrency Dogecoin, despite the ongoing market correction. On this matter <a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2022-06-21\/tesla-ceo-musk-at-qatar-economic-forum-full-interview\">\u043f\u0438\u0448\u0435\u0442<\/a> Bloomberg.<\/p>\n<p>The head of SpaceX and Tesla stressed that he never urged people to invest in a cryptocurrency he favours.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI know that many people who are not so wealthy inspired me to buy and support Dogecoin. To these people I can say \u2014 I intend to personally support Dogecoin,\u201d he said.<\/p>\n<\/blockquote>\n<p>According to Musk, Tesla will continue <a href=\"https:\/\/forklog.com\/en\/news\/elon-musk-says-tesla-begins-selling-merchandise-for-dogecoin\">to sell goods for Dogecoin<\/a> and SpaceX will soon follow suit. The billionaire also said that <a href=\"https:\/\/forklog.com\/en\/news\/elon-musks-tesla-invested-1-5-billion-in-bitcoin-the-assets-price-rose-to-44800\">his companies bought Bitcoin<\/a> using a small percentage of cash reserves.<\/p>\n<p>Earlier, Musk actively promoted the meme cryptocurrency. In April 2022, the entrepreneur proposed lowering the price of Twitter Blue and giving users <a href=\"https:\/\/forklog.com\/en\/news\/elon-musk-proposes-paying-for-twitter-blue-with-dogecoin\">the option to pay for premium service in DOGE<\/a>.<\/p>\n<p>He also advocated a broader <a href=\"https:\/\/forklog.com\/en\/news\/elon-musk-sees-logic-in-integrating-crypto-payments-into-twitter\">integration of digital payments into the social network<\/a>.<\/p>\n<p>Earlier, Musk, SpaceX and Tesla filed a <a href=\"https:\/\/forklog.com\/en\/news\/elon-musk-spacex-and-tesla-hit-with-258-billion-lawsuit-over-dogecoin-promotion\">$258 billion lawsuit for promoting Dogecoin<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 crypto news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk reaffirmed his support for the cryptocurrency Dogecoin, despite the ongoing market correction.<\/p>\n","protected":false},"author":1,"featured_media":63220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[99,1217,1170,1319],"class_list":["post-63219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dogecoin","tag-elon-musk","tag-space","tag-tesla"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=63219"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63219\/revisions"}],"predecessor-version":[{"id":63221,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63219\/revisions\/63221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/63220"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=63219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=63219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=63219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}