Elon Musk, billionaire founder of Tesla and SpaceX, has promoted the revolutionary effect of digital currencies - while apparently making fun of the concept at the same time.
According to the Queen Telegraph, in a video uploaded by Kevin Svenson, Musk can be heard saying there is a good chance that cryptocurrencies are the future currency of Earth.
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Musk asked in the video: How ludicrous would it be if DOGE, which was invented as a joke, won in the end?!.
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What was the most ridiculous finding? That the coin that was invented by jest actually becomes real currency.
DOGE was at the center of a massive dumping and dumping operation driven by traders on Reddit and investors who have become more receptive to billionaire Musk's tweets. And the last camp is not small either.
where a recent report from Blockchain Research Lab entitled How Elon Musk's activity on Twitter is driving cryptocurrency markets shows that the billionaire has a positive effect on cryptocurrency values and trading whenever Tweeted about it.
The report said that: in all events, we identify large increases in trading volume attributable to the events.
Musk's ability to move markets on Twitter has left some investors anxious given the CEO's tumultuous history with the SEC.
According to CNBC reports, Musk's tweets were behind the recent 12% increase in CD Project, which created the 2077 Cyberbank RPG video game. < / p>
and although Musk's tweet had substance - meaning that Tesla's Model S-Blade would allow passengers to play the game - it could be his apparent promotion of the short squeeze on the Cloud Staub has negative consequences for individual traders who are busy with noise.
After rising above $ 500 in late January, GameStop's share price fell to the $ 70 sub-level.
Musk has clashed with the SEC in the past after he tweeted about his desire to make Tesla a private company at $ 420 per share.
both Musk and Tesla had to pay a fine of $ 20 million to the ...
