SpaceX and Tesla CEO Elon Musk has taken to Twitter as soon as extra to spark the cryptocurrency group into rumours and motion.
With a satirical tweet, Musk posted a meme about Dogecoin, which itself began life as a meme cryptocurrency, implying that the Dogecoin normal would envelop the worldwide monetary system.
The remark – which noticed huge engagement from tech fans, monetary traders, and the crypto group – may need resulted within the spike that Dogecoin’s value is seeing following the tweet. knowledge from the previous two days from Coinmarketcap, it’s apparent to see the correlation between the tweet and the rise in Dogecoin’s value on 18th July. Gaining 15.39% in day by day buying and selling worth, Dogecoin rose from $0,003023 USD to $0,003629 USD.
This isn’t Musk’s first remark referring to the meme token. In April final yr, he tweeted about Dogecoin in response to a ballot from the cryptocurrency’s official Twitter account:
Dogecoin is likely to be my fav cryptocurrency. It’s fairly cool.
— Elon Musk (@elonmusk) April 2, 2019
Along with referring to the cryptocurrency, Musk additionally reached out to a determine within the trade in 2018. In September 2018, he tweeted to Dogecoin founder Jackson Palmer asking him for recommendation on easy methods to get “rid of the annoying rip-off spammers”. The tweet led to an obvious dialog between Palmer and Musk as Palmer tweeted later that ” Elon has the script…” And that the 2 “had a great chat on how @jack and the Twitter group ought to positively automate and repair this downside on their finish although.”
Does Elon Musk Have Bitcoin?
Musk, who has been outspoken about his Bitcoin holdings, isn’t one to draw back from speaking about cryptocurrency. The Tesla CEO has acknowledged – and reconfirmed on a number of events – that he owns 0.25 Bitcoin, which a good friend purchased for him. He, nevertheless, has explicitly acknowledged that he has by no means actively bought any Bitcoin earlier than.