Elon musk tweets about dogecoin.
Elon Musk broke his silence on Twitter with a host of tweets about the cryptocurrency Dogecoin. He used his first tweet back to post about the launch of new Starlink satellites. Now, he quickly moved on to endorse Dogecoin, which is both something of a joke and a real and functioning cryptocurrency.
It has become the highlight because in the wake of the GameStop case, as the retail investors who initially showed interest in a series of specific stocks moving more widely to endorse certain metals and digital currencies.
On Tuesday, Elon Musk declared that he would be off Twitter for a while. Only lasted for two days, he returned with a series of posts about the cryptocurrency.
He tweets, “Dogecoin is the people’s crypto. No need to be a gigachad to own. No highs, no lows, only Doge.”
Then he posted a picture of him holding Shiba Inu dog at the center of the doge meme, which is also the logo for the cryptocurrency itself.
Elon Musk’s tweets had earned tens of thousands of retweets within minutes of publishing. It led the price of the dogecoin to surge. It was up more than 75 percent soon after his tweets.
Most large cryptocurrencies were also up on Thursday, with bitcoin up just under 25 percent and ethereum up over 30 percent.
Dogecoin has had a lively few days, following the GameStop affair and earlier interest from Mr Musk. The price surged as much as 800 percent last week.
Mr Musk ever talked about his interest in Dogecoin in a discussion on the social app Clubhouse. He revealed, “Occasionally I make jokes about Dogecoin but they are just meant to be jokes,” he said. [But] fate loves irony… The most entertaining outcome is often the most likely and arguably the most entertaining outcome, and the most ironic outcome would be that Dogecoin becomes the currency of Earth in the future.”
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