Elon Musk. [사진출처 = 연합뉴스]-Cryptocurrency, mentioned by Elon Musk, Tesla’s CEO, also surged. In Musk’s words, investors are paying attention to his’mouth’ as stocks to cryptocurrency are soaring.
Musk said on his Twitter on the 10th (local time) that “I bought Dogecoin for Little X.” Local economic media are spreading the news and interpreting X as referring to Elon Musk’s nine-month-old son, X Ash A. Twelve.
Local media reported that “Dojicoin surged 16% after Musk’s tweet, soaring from $0.069 to $0.08 each.”
Following the recent announcement that Tesla had purchased 1.7 trillion won worth of bitcoin and raised the price of bitcoin, Musk publicly disclosed the purchase of Dogecoin and triggered another price surge.
In fact, Dogecoin is a cryptocurrency created by software developer Billy Marcus in 2013. In the beginning, Marcus made a picture of Shiba inu popular at the time as a meme (photo or video imitating buzzwords and actions on the Internet).
![Musk holding his son (left) and Dogecoin (right). [사진출처 = 연합뉴스]](https://i0.wp.com/file.mk.co.kr/meet/neds/2021/02/image_readmed_2021_141567_16130144384538840.jpg?w=700&ssl=1)
Musk holding his son (left) and Dogecoin (right). [사진출처 = 연합뉴스]-Dogecoin once gained a sparkle after its development and soon fell into one of the miscellaneous cryptocurrencies, but it has recently become a hot item due to the power of American ants and the musk effect.
Dogecoin, which was only $0.007 to $0.009 until recently, has risen 10 times in just ten days thanks to the Musk tweet effect.
Elon Musk is the leading cryptocurrency advocate. He said at the social media clubhouse on the 1st, “I should have bought bitcoin 8 years ago,” and “Bitcoin is a good thing at the moment, and I am a bitcoin supporter.”
On the 29th of last month, Musk deleted his Twitter account’s existing profile and described it as’#bitcoin’. At the time, the bitcoin market soared nearly 20%.
However, there are voices with concern over Musk’s influence. “Tesla is now starting to take a big risk,” said Neil Wilson, senior researcher at Market.com. “This shouldn’t be a concern for many investors, but some conservative types of investors will be concerned.”
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