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Does Elon Musk own Dogecoin?

Back in July 2021, Tesla CEO Elon Musk confirmed publicly during a conference that he owns a few cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin, but he has repeatedly favoured the latter in interviews and posts on social media

Will Dogecoin go up after Tesla?Dogecoin value soars after Elon Musk says it will be accepted for Tesla goods. Dogecoin rose to $0.20 after Musk’s tweet early on Friday, and has soared by 5,859% over the past 12 months, according to data from the Coinbase website.

Dogecoin is an “inflationary coin,” while cryptocurrencies like Bitcoin are deflationary because there’s a ceiling on the number of coins that will be created.