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Elon Musk still boosts Dogecoin, “the funniest crypto”

published on 02/08/2021 at 12:22 p.m.

Photo credit © Reuters

(Boursier.com) – Does Elon Musk want to send Dogecoin to Mars? In recent days, the billionaire businessman, who weighs more than $ 184 billion according to the assessment of Forbes in real time (against $ 195 billion for Jeff Bezos), continues to boost this altcoin with numerous tweets .

The famous Dogecoin is a cryptocurrency born in 2013, initially conceived as a joke intended to make fun of digital currencies. The cryptocurrency displaying the image of the Shiba Inu takes another 24% today on CoinMarketCap at $ 0.074, for a capitalization of $ 9.5 billion. Doge is initially an internet meme featuring the image of a shiba dog paired with multicolored text presenting his inner monologue. The Dogecoin altcoin was born at the end of 2013 and against all odds, has gained strongly in popularity.

Musk, who likes to be entertained on Twitter and even frequently replies to anonymous messages about Tesla, SpaceX and many other things, has been taking Dogecoin off the ground for a short week by claiming that it is “about the future motto of the Earth “, or the motto” of the people “. You never really know how to take Tesla boss’s messages on Twitter, but it seems some are going for the first degree instead.

The Bitcoin had already taken advantage of the “Musk effect” at the end of January, igniting following the movement of support from certain Silicon Valley bosses who mentioned the queen of cryptocurrencies in their Twitter bios. The boss of Tesla and SpaceX, Elon Musk, who was part of the lot and whose Twitter bio remained for several days with the effigy of the first cryptocurrency, then spoke in a conversation on the Clubhouse app in favor of Bitcoin. “I’m a Bitcoin fan,” insisted Musk, who believes cryptocurrency is on the verge of gaining massive acceptance from ‘mainstream finance people’. The leader of Tesla also regrets not having bought Bitcoin eight years ago. “I was a little slow to figure it out,” said Musk, who therefore sees bitcoin as “a good thing.”

Musk had also been amused in recent days by the popular movement of WallStreetBets, these social traders who have exploded upward the most sold short stocks of the moment, including GameStop, AMC or BlackBerry. The billionaire had notably tweeted about GameStop, accompanying the stock market rally with his enthusiasm. We know that Musk doesn’t really like short-selling hedge funds, which had weighed heavily on Tesla stock in recent years. It is therefore quite logical in the end that the most popular boss of the moment should rejoice in this rebellion of small carriers against funds playing down prices.

As for Dogecoin, Musk’s position is unclear. He claims anyway that it is “the funniest crypto” and that “its simplicity is its genius”. No doubt a little thanks to him …

©2021, Boursier.com



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