The 'Dogefather' has advised against going all-in on the meme-based currency Dogecoin DOGE
The controversial entrepreneur has cautioned investors not to stake everything on the meme cryptocurrency.
Musk's association with Dogecoin has elevated its profile significantly. The self-proclaimed"Dogefather" played a pivotal role in boosting the cryptocurrency's value, which witnessed a sharp rise in early 2021, primarily fueled by his tweets endorsing the coin. The connection to humor and dogs, he stated, makes the coin particularly endearing to him, despite the volatility and risks associated with such investments.
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