Elon Musk Urges Loyalists To Invest With Caution

Elon Musk has urged his loyal band of followers to “invest with caution” after the joke cryptocurrency that he has repeatedly endorsed scaled new highs.

The billionaire warned investors against taking too much risk amid heightened interest in digital coins. Dogecoin, which was set up as a joke seven years ago, was above 60 cents yesterday after a rally of 91 per cent in a week. Its market value stands at almost $80 billion.