Elon Musk Tweet about Dogecoin, Dogecoin Jumps Up by 20%

December 21, 2020


The reason why Elon Musk tweeted about Dogecoin on early Sunday Monday is still unknown, but following the SpaceX CEO’s tweet, DOGE jumped up by almost 20%. It also began a few talks with the well-known bitcoin specialist and MicroStrategy CEO Michael Saylor.


At around 9:30 UTC on Sunday, Musk tweeted to his 49 million followers, One word: Doge. After that Dogecoin (DOGE) immediately reached $0.0047, hitting its highest level since July early. The CEO also shared a series of racy and entertaining tweets related to BTC. In one of his tweets, he stated, Bitcoin is almost as BS as fiat money, which can be utilized as a backhanded compliment.


One of those R-appraised bitcoin tweets incited a reaction from MicroStrategy’s Saylor, who’s broadly stacked up his organization’s depository with bitcoin. 


Saylor stated in his tweet, on the off chance that you need to offer your investors a $100 billion kindness, convert the $TSLA balance sheet from USD to #BTC. Different firms on the S&P 500 would take cues from you and in time it would develop to turn into a $1 trillion kindness. 

Musk replied soon, are enormous exchanges even conceivable? To which Saylor replied, yes I have bought over $1.3 billion in #BTC in past months and would be glad to impart my playbook to you disconnected, one scientific genius to another.


While that too and fro between tycoons provoked remarks from others including one from Changpeng Zhao, the CEO of crypto trade Binance is most popular as “CZ”, neither Musk nor Saylor has reacted since. 


Dogecoin is meme-based cryptographic money that stood out as truly newsworthy in July after TikTok clients began a mission devoted to pushing the cost of 1 DOGE above $1, as per CoinDesk’s earlier revealing. When last checked, dogecoin arrived at a complete market capitalization of $588 million, per OnChainFX.


Image Courtesy : Pixabay

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