Shop Sephari

Elon Musk says he backs Dogecoin because people who are “not that wealthy” asked him to do so.
Dogecoin and other cryptocurrencies have plummeted in recent weeks.
Musk has been sued for $258 billion by a plaintiff accusing him of engaging a “pyramid scheme by way of dogecoin cryptocurrency.”
Elon Musk is a vocal supporter of Dogecoin, and now he has explained exactly why he backs the cryptocurrency.
Speaking at the Qatar Economic Forum on Tuesday, Musk said he buys and backs it because people “who are not that wealthy” have asked him to, according to Bloomberg.
“I just know a lot of people who are not that wealthy who, you know, have encouraged me to buy and support Dogecoin,” Musk said in an interview with Bloomberg News Editor-in-Chief John Micklethwait at the forum. “I’m responding to those people.”
Dogecoin often fluctuates based on Musk’s remarks on it. On Sunday, it jumped 8.5% in the span of 24 hours from near-record lows after Musk tweeted he’d keep supporting and buying the meme token amid a frenzied cryptocurrency sell-off. Last May, Dogecoin plummeted when Musk appeared on Saturday Night Live and called it a “hustle.”
Dogecoin was created as a joke in 2013 but gained more investors over the years partly thanks to tweets about it from figures like Musk, Mark Cuban, and Snoop Dogg.
Besides Dogecoin, Musk has also expressed his support for other cryptocurrencies. In October, Musk said he owns Bitcoin, Dogecoin, and ether. In January, Tesla started accepting payments in Dogecoin for some merchandise.
Last week, Musk was sued for $258 billion by a Dogecoin investor accusing him of engaging in a “pyramid scheme by way of dogecoin cryptocurrency.”
Musk did not immediately respond to a request for comment.
 
Read the original article on Business Insider
Related Quotes
Will there be a new beginning?
The sky is not clearing up for Carvana. On the contrary, big clouds continue to gather over the company which was one of the big winners of the covid-19 pandemic, with a massive growth. Since announcing its quarterly results on Nov. 3, Carvana shares have lost 44% of their value and are currently trading at $8.06 versus $14.35 on that day.
The chief investment strategist at Charles Schwab recommends investors look beyond broad categories of value or growth. "This is time you want to look for great companies without putting blinders on."
Cathie Wood has built her career on holding contrarian views and her Ark Invest firm has been known to go against the grain. As such, 2022’s bear market has done little to change her stance. In fact, recently, Wood has been arguing that the Fed’s aggressive monetary stance in its ongoing efforts to curb soaring inflation is misguided. Highlighting deflationary signals, Wood says that unless it changes tack, the Fed’s actions could result in a repeat of the the Great Depression. “If the Fed does
The hits just keep coming for the bird app.
The emerging picture of what went wrong suggests the crypto empire was a mess almost from the start, with few boundaries, financial or personal.
The market rally faces key resistance, namely the S&P 500 nearing the 200-day line. So is tech titan Apple stock.
Back in July, Barron’s made the case for buying Activision Blizzard stock in anticipation of Microsoft closing its $69 billion acquisition of the company. Four months later, the risks of the deal falling apart over antitrust concerns haven’t changed. What has changed is the outlook for Activision’s business.
(Bloomberg) — When Sam Bankman-Fried was all of 25 years old, he pitched his nascent crypto investment business to Silicon Valley investors — only for them to laugh at him and his acolytes over their lack of experience and knowledge of crypto.Most Read from BloombergMalaysia Latest: Tight Election Race Points to Hung ParliamentMusk Says Trump Will Be Reinstated on Twitter After Poll WinTrump Cites Twitter ‘Problems,’ Says He’ll Stick to Own PlatformCOP27 Poised for Deal After Breakthrough on C
Fed policymakers need to thread the needle as they try to deflate the housing bubble without bursting it, the Dallas Fed said in a research paper this week.
With just about six weeks left in the year, Warren Buffett's company Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) looks poised to soundly beat the broader market in 2022. Over its long and storied history, Berkshire has a strong track record of beating the market, and Buffett is considered one of the greatest investors of all time, so it's always a good idea to keep an eye on the company's portfolio. With that said, here are two no-brainer Buffett stocks to buy for 2023.
High-dividend yields can power your portfolio for decades, though there are some dividends the market doesn't appreciate right now. In the video below, Travis Hoium covers why Verizon (NYSE: VZ), EPR Properties (NYSE: EPR), NextEra Energy Partners (NYSE: NEP), and Simon Property Group (NYSE: SPG) are top high-yield dividends today.
QQQ stock is one of the world's most-popular ETFs — as it instantly gives you a piece of companies building the future. Does it belong in your portfolio?
If a time machine could take you back to the start of the 2000s — without the desire to open up a crypto wallet — what’s the No. 1 investment you would make? Maybe Apple Inc. (NASDAQ: AAPL), which has sold 1.3 billion iPhones since 2007 and reported a $19.4 billion profit last quarter? Or Tesla Inc. (NASDAQ: TSLA), which went from selling just 937 cars in 2009 to over 300,000 last year? Some savvy income investors might consider Altria Group Inc. (NYSE: MO). The tobacco giant, formerly Phillip M
Cash-strapped Americans took from their 401(k)s just as the market was about to climb. Now that it's down, it’s harder than ever to get reinvested.
Saving consistently, avoiding borrowing from your balance, and rebalancing annually can help you stay on track to hit your retirement goals.
The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. The premium hike will put more than a dent in the newly increased Social Security cost-of-living allowance, which worked out … Continue reading → The post Why 2022 Medicare Part B Premiums Soared appeared first on SmartAsset Blog.
2023 could be a big year for both Nio and Rivian, but one EV stock could rebound faster in the near term.
Warren Buffett is having a much better year than most S&P 500 investors. And he can thank a handful of stocks for that.
The three executives and Mr. Bankman-Fried are said to have known FTX was using customer funds to plug a funding gap.

source

Shop Sephari

Leave a Reply