Elon Musk Tweets, Dogecoin Surges
Elon Musk has sent the meme cryptocurrency Dogecoin soaring.
In a series of overnight tweets to his 45 million followers, Elon Musk drove the value of Bitcoin rival Dogecoin up more than 50%.
Elon Musk | Twitter
Hisfirst tweetwas only one word: "Doge." Hefollowedit up with "Dogecoin is the people's crypto," andtweeted later: "No highs, no lows, only Doge." The value has increased from 3 cents to over 5 cents at one point on Thursday.
According to CNN, Musk is making a habit of boosting Dogecoin shares. This past December 20, he tweeted, "One Word: Doge" and drove the value up 20%.
Musk has been publicly critical of cryptocurrency bitcoin,calling it BS, but explained on Clubhouse that he regretted not buying it eight years ago. He seems to feel pretty good about where he is with Dogecoin, based on this狮子王meme he tweeted of himself as the monkey Rafiki holding up baby Simba with a Doge head.
ur welcomepic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk)February 4, 2021
Entrepreneur Editors' Picks
-
'No One Believed' This Black Founder Was the Owner of a Liquor Brand in 2012. He Launched to Great Acclaim — Then Lost It All. Here's How He Made a Multi-Million-Dollar Comeback.
-
Inspired by Elon Musk's Twitter Takeover,Here Are 10 Marketing Tactics That Will Help You Make the Most of Big Changes to Your Company
-
These Brothers Transformed a High School Project Into the Largest Online Soccer Retailer of All Time.Here's What the World Cup Means for Business Now.
-
'I Just Lost All My Life Savings':Michigan Woman Lost $15,000 in Facebook Marketplace Car Scam
-
This Founder Was Dismayed by Food Waste in the Restaurant Industry, SoShe Started a Zero-Waste Grocery Line That Now Caters Events for Nike
-
Netflix's Secret Club Allows Members to Preview Content Before Anyone Else —But There's a Catch
-
Franchising Could Be the Secret to Reaping the Rewards of a Down Economy.Here Are 5 Reasons Why.
