Elon Musk has consistently supported $Dogecoin (DOGE.CC)$ , a meme-inspired cryptocurrency. He's invested in it, along with $Bitcoin (BTC.CC)$ and $Ethereum (ETH.CC)$ .
Musk sees dogecoin as the best cryptocurrency to transact with.
"Fundamentally, bitcoin is not a good substitute for transactional currency,"
Musk told Time Magazine after being named Time's 2021 Person of the Year.
"Even though it was created as a silly joke, dogecoin is better suited for transactions."
The price of Bitcoin soon took a dive after the interview.
Any thought on Musk's word? Will his opinion push you to buy/sell any related cryptocurrency?

Sorry for being late this weekend, don't punch me.
$Phunware (PHUN.US)$ gained by 470% on Friday. That's insane...I have never seen a stock soaring like this. I know Phunware acquired some 'hig- performance computer provider', but I don't see anything special for the deal. Some say the company participated in the development of Trump's TRUTH Social. Another Trump concept stock is $Digital World Acquisition Corp (DWAC.US)$ . I bet everyone is talking about it now
I believe the investors are just gambling since they can't go to Las Vegas due to the pandemic. A company's fundamental doesn't matter anymore. I will yolo next Monday and buy PHUN since fundamental analysis can't bring me rewards at all!!!
Show me how you decide a stock is a good investment and how much you made from such investments if you disagree!
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Asian stocks set for steady start; Dollar declines
Asian stocks looked set for a steady start Thursday after a mixed Wall Street session, as investors weighed corporate earnings, elevated inflation and risks from China's property sector.
Futures were little changed in Japan and Hong Kong while edging slightly higher in Australia. U.S. contracts wavered as they started trading. The $S&P 500 Index (.SPX.US)$ rose for a sixth day to the cusp of a record but the tech-heavy $NASDAQ 100 Index (.NDX.US)$ dipped.
China tech ETF balloons to record size as U.S. cash floods in
Since slumping to a low in mid-August, $KraneShares CSI China Internet ETF (KWEB.US)$ -- which holds shares of 53 U.S.-listed Chinese tech companies -- has jumped 21%. Cash flooding into the exchange-traded fund has helped buoy total assets to a record $8.1 billion on Tuesday.
Tesla posts record revenue and profits in third quarter
$Tesla (TSLA.US)$ reported third-quarter earnings after the bell Wednesday, and it's a beat on both the top and bottom lines. The record results were driven by improved gross margins of 30.5% on its automotive business and 26.6% overall, both of which are records for at least the last five quarters. The company's stock dropped less than a point after hours on the results.
SpaceX expected to become more valuable than Tesla, Morgan Stanley survey finds
Most "institutional investors and industry experts" surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla and see it as a more attractive investment. Elon Musk's two largest companies already command enormous valuations, with Tesla currently at $858 billion and SpaceX at $100.3 billion.
"From our investor conversations, the sentiment on SpaceX has increased substantially along with the company's valuation in the private market," Morgan Stanley analyst Adam Jonas wrote in a note.
PayPal is in talks to buy Pinterest
$PayPal (PYPL.US)$ is in talks to buy social-media platform $Pinterest (PINS.US)$ according to people familiar with the matter, a move that could enable the payments giant to play a bigger role in a customer's shopping experience.
The talks are at an early stage and may not lead to a deal, some of the people cautioned. If there is one, it would be big, as Pinterest has a market value of some $40 billion.
IBM's sales hit by slower client spending, lower-than-expected cloud revenue
$IBM Corp (IBM.US)$ reported weaker-than-expected revenue in the latest quarter, weighed down by its cloud business and some clients' pause in spending.
IBM shares fell 4% in after-hours trading following the results.
Micron to expand chip production with $150 billion in capital spending over coming decade
$Micron Technology (MU.US)$ Chief Executive Officer Sanjay Mehrotra said some of the planned spending would go toward expansion of existing chip-production facilities and potential construction of new ones.
Blackstone weighs up to record $30 billion for flagship fund
$Blackstone (BX.US)$ is preparing to raise what could be the industry's largest buyout fund on record. The firm may seek as much as $30 billion for its next flagship private equity fund, according to people familiar with the matter.
It's a frenzied time for private equity. Blackstone and peers are ramping up fund sizes and coming back to market with successor pools at a rapid clip. Almost 6,000 funds are currently seeking to rake in a record $1 trillion, according to data from Preqin.
Source: Bloomberg, WSJ, CNBC