"Before this was enthusiastic, now I don't hate DOGE."
During the Wall Street Journal's Council of Chief Executive Officers (CEO) Summit in London, Tesla founder Elon Musk advised everyone not to buy any cryptocurrency or the biggest memecoin Dogecoin (DOGE).
There is no denying that Musk has been a big fan of DOGE for a long time due to its dog and the best sense of humor, but he suggested that an individual should not put all their savings into the crypto or memecoin.
While Musk has always been optimistic about crypto and DOGE, he has suddenly shared a rare piece of advice for investors.
Earlier during his tenure as CEO of Twitter, Musk not only intended to allow customers to pay for Twitter Blue subscriptions through DOGE but also integrated it for payments on the social media platform.
The streak, which was created as a joke, DOGE now has a market cap of $9 billion and its price reportedly increased when Musk changed the Twitter logo of a blue bird to DOGE to show his support for memecoin.
In May, he appointed Linda Yaccarino as the new CEO of Twitter who is also believed to be a supporter of DOGE and Shiba Inu (SHIB).
Right after Musk told many people not to invest in DOGE, its price plunged 2.76% to $0.07 in the last 24 hours and recorded a 2.08% decline over the last week.
