Elon Musk told 3 reasons for Promoting Dogecoin;HOW FAR IS IT RIGHT?

Elon Musk, the Dogefather and CEO of Tesla and Spacex, explained why he decided to invest in and support Dogecoin.

Elon Musk, recently spoke with Bloomberg stated that the staff at his company told him about dogecoin and asked him to promote it, which is how he first became interested in the meme coin.

The dogefather claimed that a lot of individuals he knows who are not particularly affluent inspired him to promote and invest in dogecoin.

He continued by saying that he is acting in response to those employees of his firm who urged him to do so.

Furthermore, the SpaceX and Tesla CEO Musk also confirms that he still possesses doge and supports dogecoin.

However, it is worth mentioning that a major lawsuit has been filed against Elon Musk for similar reasons for promoting Dogecoin.

The lawsuit puts an allegation on the Dogefather, Elon Musk, of driving up the price of Dogecoin and then dumping it later because Dogecoin is nothing more than a Ponzi scheme.