As Dogecoin rips, Elon tells crypto enthusiasts to ‘invest with caution’

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Tesla CEO Elon Musk, arguably one of the key figures who has helped memecoin DOGE to skyrocket over 13,000% since the start of this year, has given a rare note of caution ahead of his Saturday Night Live appearance, telling his followers on Twitter that “Cryptocurrency is promising, but please invest with caution!”

His cautionary words come linked with a YouTube video where when asked by a reporter about his thoughts, he claims that Dogecoin could be the future of cryptocurrency, but goes on to say that DOGE could be the ‘future cryptocurrency of Earth’ but not to go ‘too far’ or ‘invest your life savings’.

Saying it would be interesting if the crypto, which he acknowledges was created ‘as a joke’ in fact becomes the real currency’ of the world is just the latest in a series of public tweets that have seen the crypto take the 3rd position in Market Capitalisation, ahead of both Binance Coin, Ripple and Tether.

Dylan Leighton

Dylan Leighton

Dylan Leighton is an composer, music producer, sound designer and mix engineer from the United Kingdom. Making music for over 40 years, he creates music for corporate clients, film and video, and his own personal enjoyment. Writing under the artist name Kalliste, he has composed in just about every genre, from hip-hop to funk to classical.

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