The CEO of the well-known Tesla, Elon Musk, hyped the crypto world this weekend by posting a series of tweets about Bitcoin together with the lesser-known currency called Dogecoin. The meme-crypto was based on the dog known as the Shiba Inu. His remarks caused the price of the two cryptos to skyrocket.
Musk also responded to a sensational tweet featuring a woman in Tesla shorts. The Tesla-branded shorts are clothes that the company made earlier this year. The reason for that is to ridicule those who lowered its stock price.
The incident began early on a Sunday night when billionaire Musk responded to a tweet. He stated that Bitcoin is his “safe word.”
Shortly thereafter, the eccentric, restless billionaire tweeted several other posts about Bitcoin. This led to a conversation with MicroStrategy CEO Michael Saylor.
Saylor had recently poured $250 million in bitcoin currency that he collected from his company vaults.
The informal exchange of ideas had kicked off when Musk tweeted a rude image of him trying to quell his urge to buy bitcoin. In this conversation, Sailor was motivated to challenge Tesla’s CEO to place a huge number of bets on the cryptocurrency. Musk responded to the dare by questioning whether such large transactions were even possible.
Musk’s query was probably not sincere, since it is relatively easy to buy large amounts of bitcoin. On top of that, anyone who has a superficial knowledge of cryptocurrencies, like Musk, should already be knowledgeable about them.
Musk, on the other hand, expressed his thoughts on Bitcoin in a previous tweet. He stated that it is almost as secure as bills.
Musk Praises Dogecoin
The Tesla CEO’s delusional Twitter chat took a new turn as he started praising Dogecoin. The dog-based cryptocurrency has been in existence since 2013. However, in comparison to Bitcoin, they are essentially useless except for novelty. On that note, they are designed for inflation, which spits out 10,000 new coins every few minutes.
Despite Dogecoin’s inherent idiocy, the price was still able to reach 40% from $0.003 to $0.005. This data was obtained after Musk tweeted “One word: DOGE.”
He also changed the site’s career so that his title reflects his fictitious previous role rather than his current job. The top of his Twitter feed says, “Former CEO of Dogecoin”—identified by many as an imaginary role. However, Musk tried to conclude his mischief by fixing his written tweet, reading it as “come for comments and only stay for memes.”
In conclusion, here’s the end of a weird episode between Musk and cryptocurrency, or in other words, just another perspective on just being one of their regular weekends.
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