Tesla CEO Elon Musk is known for tweeting about cryptocurrencies, especially Dogecoin, a cryptocurrency invented based on an internet meme. Recently, Elon Musk tweeted, “Who let the Doge out,” referring to the rise in the price of Dogecoin. Crypto wallet app Freewalle quote tweeted Elon Musk’s tweet to promote the crypto wallet, but Musk was quick enough to not let them gain free clout on his tweet and replied with “your app sucks.”
Your app sucks
— Elon Musk (@elonmusk) February 10, 2021
Elon Musk continues to tweet about Dogecoin.
Elon Musk has been vocal about how his tweets about Dogecoin are nothing more than just jokes, but it did not stop the cryptocurrency’s price to soar above new all-time highs, given the amount of followers Musk has. Earlier this week, Dogecoin climbed to a peak of about 8.2 U.S. cents and a market capitalization of $10.5 billion after billionaire Elon Musk, rapper Snoop Dogg and Kiss bassist Gene Simmons tweeted about the cryptocurrency. Dogecoin was ranked among the top 10 cryptocurrencies by market value. A group of Redditors also hyped Dogecoin after the whole GameStop saga.
Tesla invests $1.5 billion in bitcoin, causing the BTC to reach new all-time highs.
The Tesla CEO, who had earlier been quite ambiguous about the leading cryptocurrency, has now come out as a bitcoin supporter. As reported earlier, Tesla announced that it had invested around $1.5 billion in Bitcoin, and it plans to begin accepting the cryptocurrency as payment for its high-end vehicles soon. The news sent the price of bitcoin soaring above $46,000 as the cryptocurrency set a new all-time high. At the time of writing, BTC is changing hands at just above $46,600. Elon Musk had earlier said that bitcoin might see mainstream acceptance from the traditional financial people.