Elon Musk says Dogecoin could be the future of cryptocurrency

Elon Musk gives Dogecoin a big reputation in the tech / financial world – but says that while it has the potential to be the king of crypto … you might not want to go all-in on this gamble.

We released the Tesla chief Friday night at BOA in WeHo … where he signed a bunch of autographs and posed for photos, masked. Man, it’s been a while since we’ve seen this.

Anyway, we started talking to him about the new cryptocurrency that is all the rage these days – Dogecoin, which Elon and other celebs have been propping up lately … this while traders (amateur and otherwise alike) have been praying for it go to the moon.”

Elon tweeted Doge is the “crypto of the people” and he doubled over with us – saying that the will of the people will determine its value, and that he is not enough to give it some publicity if it facilitates Doge’s growth for that purpose . By the way, Dogecoin is up about 600% since last year … it once traded well below a cent – and it’s gotten a whopping 8 cents lately.

So yeah … it could very well be the next Bitcoin – which is worth $ 40k these days – but Elon does note that the fact that Doge has no limit or finite limit hurts in the long run.

He also gives great advice to new investors looking to get into the crypto game – and it basically boils down to this … sure, roll the dice … but not all of your dice. Watch for yourself.

One last thing – Elon tells us that crypto seems to be where the money is going, but the question still remains … which one comes on top ??? He vouches that Dogecoin has a chance to be top … well, dog. What started out as a meme / joke could be your next bank.