Yesterday, April 2nd, 2019, Elon Musk quite openly shared his support for the Dogecoin community! He posted numerous tweets about the cryptocurrency and even changed his Twitter bio.
Elon Musk comes out of the closet
It all started with him just casually posting “Dogecoin rulz” along with this meme:
Of course, with a follower base of 25,5 million, this started a massive thread for the cryptocurrency enthusiasts. Dogecoin community showed their support for Elon, and many others tried to shill their favorite asset as well. A few Holochain supporters and, of course, the Ripple community stepped in as well. Since dogecoin is considered to be some sort of a “meme currency” because of its logo, this thread mostly consists of doge memes. Also, many Tweeters were asking if they can purchase a Tesla with DOGE, or at least get a discount.
Changes his Twitter bio to “CEO of Dogecoin”
Moreover, after Elon expressed his sympathy towards Dogecoin, Tom Heats (@Tom_Heats) posted a screenshot of Dogecoin Twitter account tweet about their decision that the cryptocurrency needs a CEO. They even mentioned the top candidates on which the followers could vote. Vitalik Buterin, Charlie Lee, Elon Musk and Marshall Hayner. As you can see, Elon is a clear winner in this poll. Tom Heats commented: “You can’t decline!”. Musk quickly replied to this post saying: “Dogecoin might be my fav cryptocurrency. It’s pretty cool.”
Later, based on this tweet, the Dogecoin Twitter account announced that “it looks like you’re the CEO now”, and asked him to Direct Message (DM) them so they can send them all the access codes.
Not long after, he changed his Twitter bio to “CEO of Dogecoin”. However, now he changed it again to “Former CEO of Dogecoin”. At least for a brief moment Dogecoin had a CEO.
Many people are asking now, why Dogecoin? Why not any other cryptocurrency? Well on one side, while browsing through Elon’s Twitter feed, you quickly get the idea that he likes memes and posting them. Since Dogecoin logo is basically a meme, this could answer the question for you. Also, the Dogecoin community is significantly different from any other crypto community. They are welcoming, positive, humorous and ever so uplifting to other members.
However, of course, such a public figure sharing his consent to a single cryptocurrency to his 25 million followers doesn’t go unnoticed by the market. The price of Dogecoin surged through the roof in the matter of
Another, quite unpopular opinion is that this could be a pre-planned pump and dump. News of Tesla stock price dropping came out later that night. For a twitter profile with 25 million followers shilling such community-driven crypto would be very easy. However, these actions don’t fit the persona which Elon Musk is known for.
Photo by flickr.com