The Tesla (TSLA) CEO tweeted some bitcoin banter on Sunday, including calling bitcoin BS. He called out Dogecoin in a tweet, saying, “One Word: Doge.”
The tweet drove shares of Dogecoin up nearly 20% and landed on the list of trending Twitter topics. The tech billionaire went so far as to update his Twitter bio with the title “Former CEO of Dogecoin.”
Musk’s Twitter antics come as the dominant cryptocurrency soared to unprecedented heights during the coronavirus pandemic. Last week, bitcoin soared past $ 20,000 – more than $ 24,000 – as the currency’s popularity continues to grow among investors.
This isn’t the first time Musk has tweeted about Dogecoin, the bitcoin descendant. ‘
The CEO of SpaceX mentioned the digital currency in July when he tweeted “It’s inevitable” depicting the dogecoin standard engulfing the global financial system. The tweet at the time sent stocks up 14%.
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ogecoin was created in 2014 as a parody of a popular internet memo “doge”, which involved a photo of a Shiba Inu dog. Although the virtual coin started out as a joke, it currently has a market value of nearly $ 570 million.
ogecoin was created in 2014 as a parody of a popular internet memo “doge”, which involved a photo of a Shiba Inu dog. Although the virtual coin started out as a joke, it currently has a market value of nearly $ 570 million.