The
Tesla (TSLA) CEO tweeted some Bitcoin banter Sunday, included calling bitcoin BS. He shouted out Dogecoin in a tweet saying, “One Word: Doge.”
The
tweet despatched shares of Dogecoin up almost 20% and landed it on the listing of trending Twitter matters. The tech billionaire even went so far as updating his Twitter bio with the title “Former CEO of Dogecoin.”
Musk’s Twitter antics come because the dominant cryptocurrency surged to all-time highs in the course of the coronavirus pandemic. Last week,
bitcoin skyrocketed previous the $20,000 mark — topping $24,000 — because the forex continues to develop in reputation amongst buyers.
This is not the primary time Musk has tweeted about Dogecoin, the bitcoin descendant. ‘
The SpaceX CEO talked about the digital coin in July when he tweeted “It’s inevitable” with a picture depicting the dogecoin customary engulfing the worldwide monetary system. The tweet despatched shares up 14% on the time.
D
ogecoin was cr
eated in 2014 as a parody to a common web meme “doge”, which concerned a image of a Shiba Inu canine. Although the digital coin began off as a joke, it at the moment has a market worth of almost $570 million.