Since then, the asset has retraced slightly and is trading at $0.152, at press time. Doge tokens responded briefly by a 10% rise at $0.155, just minutes after the reports of Musk’s Stake began circulating. Well, in fact, it did turn into reality, albeit for a short time. The video showed a Shiba Inu dog riding a rocket which symbolizes the meme coin overtaking Bitcoin and other major cryptos by market cap. Musk recently posted a meme video on DOGE in response to a tweet about Bitcoin miners by Brett Winton, Director of Research at Ark Invest. For a better context, Winton has shared a joke featuring a brief conversation between someone who understands Bitcoin and mining and someone who does not know that “miners” are hardware.Įlon Musk responded by posting a video about Dogecoin, saying that it “explains everything”. This makes sense given what Musk has at least been talking about, at least from a social media perspective.” Elon Musk’s Doge to the moon? This eventually could lead to some sort of buyout. “Elon Musk could try to take a more aggressive stance here on Twitter. Follow Pierre on Twitter Noded Podcast Nakamoto Institute. Wedbush analyst Dan Ives said Monday on CNBC’s “ Squawk Box,” said, Should the Block Size ever increase Bitcoin and the 3rd World Lightning Network. Following the news, Twitter shares have risen by more than 25% in the premarket. As usual, Elon Musk’s tweet raked in more than 330k likes with one user even asking him to buy the platform and change the bird logo to a doge! which doesn’t sound far-fetched though since Musk is now likely to play a bigger role being the major stakeholder.Ībout a month ago, Musk also said he was planning to build a new social media platform.
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