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Elon Musk Says He Doesn’t Own Shiba Inu Tokens

WikiBit 2021-10-25 11:58

Abstract:The Shiba Inu commuity is not happy with Elon Musk. $SHIB crashed after Musk revealed he didn’t own it and only had BTC, ETH and DOGE.

Elon Musk has a SHIBa Inu puppy at home. Elon Musk has joked about Shiba Inu, but Elon Musk doesnt hodl Shiba Inu.

Replying to one of the many Shiba Inu accounts on Crypto Twitter, the famous Elon Musk confirmed that he didnt own Shiba Inu, despite being a highly influential figure for that community.

Elon Musk Has no Shiba, FLOKI, or Any Other DOGEcoin Spin-Off

And although his puppys name is Floki, Elon Musk does not have a single Floki token either.

Elon Musk said he only owned Bitcoin, ETHereum, and Dogecoin (a portfolio he had already revealed). The disclosure came with a piece of advice for all maximalists —be it Bitcoin, Shiba Inu, or any other cryptocurrency: faith in a coin does not matter as much as the ecosystem of services built around it.

Elon Musk says he has no Shiba Inu. Image: Twitter

It seems that Elon Musk prefers the original MEME to the copy. The worlds richest man has been actively working to improve Dogecoin and make it globally viable as a fast, cheap, and scalable medium of exchange.

The Dogecoin Foundation even appointed an associate of Elon Musk as a member of its board of advisors, so it could be said that the entrepreneurs relationship with Dogecoin goes far beyond memes.

Elon Musks love for Dogecoin has spread throughout his company. In a subsequent tweet, the entrepreneur claimed that many of his employees also owned Dogecoin, and this was one of the things that motivated him to get into this cryptocurrency.

Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge. They aren‘t financial experts or Silicon Valley technologists. That’s why I decided to support Doge – it felt like the peoples crypto.

— Elon Musk (@elonmusk) October 24, 2021

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