Elon Musk drops a one-word message for all cryptocurrency buyers

Tesla and SpaceX CEO Elon Musk is a vocal supporter of the Dogecoin cryptocurrency. The world’s richest individual has backed the cryptocurrency, instantly or not directly, plenty of occasions within the latest months.

Now, Musk has as soon as once more spoken out in relationship to Dogecoin. He has a message for all cryptocurrency buyers.

The message got here as a response to a tweet by Bill Lee, the founding accomplice at West Coast Holdings, who can be an investor in some Elon Musk ventures.

Lee was himself responding to a tweet which talked a few crypto gateway known as MyDogeWallet, which talked about its imaginative and prescient to “break the dependence on CEXs like binance and robinhood and let #shibes take custody of their own coins!”

Responding to this tweet, which talked about decreasing dependence on crypto buying and selling platforms, Lee wrote, “not your keys, not your crypto.”

Responding to Lee’s tweet, Musk wrote his thoughts in a single phrase – “Exactly”.

 

 

The expression “not your keys, not your crypto” is definitely a well-liked expression within the crypto world known as “not your keys, not your coins” where severe buyers want to maintain non-public keys related to their belongings or funds as a result of not proudly owning a non-public key means that an investor is entrusting a 3rd occasion to maintain their belongings secure.

Elon Musk has earlier voiced out his opinion on the way in which cryptocurrency exchanges handle belongings owned by retail buyers. Musk seems to be vouching for the concept of breaking the dependence of retail buyers on exchanges to purchase and maintain their cryptocurrencies.

You might like

x