Elon Musk thinks crypto is cool and that Dogecoin could be the future, but don’t be stupid about it

Just a heads up, if you buy something through our links, we may get a small share of the sale. It’s one of the ways we keep the lights on here. Click here for more.

Cryptocurrencies have seen a huge boom in 2021, with Bitcoin and Ethereum prices soaring, but one of the most surprising revelations of 2021 has been the rise of the meme-coin-that-could, Dogecoin.

Currently sitting 60 cents, the cryptocurrency was only 1 cent in January. That tremendous rise has made some people lots of real money and part of this rise can be credited to Elon Musk, who has tweeted about the memecoin multiple times.

Now, in a video released by TMZ, someone asks Musk about Dogecoin and where he thinks cryptocurrencies are going.

READ MORE: Dogecoin co-creator says Elon Musk is a grifter

You can watch the video above, but basically, Musk makes a claim that Doge could be the future of money because it’s up to the “will of the people.”

He does note that Dogecoin’s unlimited amount of coins can take away from the value of it, and makes it clear that “people should not invest their life savings in cryptocurrency.” He goes on to say that there’s a good chance that “crypto is the future currency of Earth.”

Will our future economy be based on a meme? With the shitshow that is Earth, I can believe it.

Have any thoughts on this? Let us know down below in the comments or carry the discussion over to our Twitter or Facebook.

Editors’ Recommendations:

• There’s now a Pong-playing monkey thanks to Elon Musk’s Neuralink
• Elon Musk wants the Powerwall to be your personal electrical grid
• Coinbase users can now buy crypto with their PayPal account
• Venmo will now let you buy and sell crypto like Bitcoin