RE: 397 Feb 2021 10:02
I believe Musk supporting Dogecoin is a ploy to get more people into the crypto world, once people sign up to Kraken, Binance, crypto, bybit blah blah... They will have an account set up and know how to top up to buy into crypto, most people haven't ever attempted to buy in and wouldn't know where to start, when it comes to a cheaper coin with ramped up potential this will push people into this space, I think the bigger picture is this will drive more people into buying crypto and more specifically BTC and ETH. Just my views but I think it may work. When people that are invested into Dogecoin realise the number of newly released coins a year is 5billion, it may cause people to jump ship as it's not a store of value or widely accepted crypto like ETH and BTC. More investors will naturally gravitate to these and in turn this will push up our share price. I'm not worried at all about the direction we are heading in ARB and if there are any drops I will be topping up whenever I have spare cash to.