Elon Musk’s dogecoin tweets are ‘disconcerting’ and people will lose money, bitcoin bull says

Tesla CEO Elon Musk and other celebrities have posted multiple tweets backing dogecoin lately — and some in the cryptocurrency world aren't impressed.Nic Carter, a venture capitalist known for his bullish stance on bitcoin, thinks Musk's enthusiasm for the meme-inspired digital token is "disconcerting" as it's mainly used as a "vehicle for speculation.""Unfortunately a lot of retail punters are going to lose money on dogecoin in the long term because there's really not much there in terms of interesting technology," Carter, the co-founder of Castle Island Ventures and data firm Coin Metrics, told CNBC's "Street Signs Europe" Wednesday."The only thing it can really do is be zombified and stick around and be an empty shell for people's expectations and for their entertainment."Carter said dogecoin was what introduced him to crypto back in 2013 and that, while it was "entertaining and fun" at the time, it's now "sort of an empty…

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