Dogecoin has climbed into the cryptocurrency top ten, as measured by CoinMarketCap, due to its 120% rally this week, giving the combined 130 billion dogecoin tokens in circulation a total value of around $12 billion. New Radical Bitcoin Price Model Reveals When Shock Bitcoin Rally Could Peak, Bitcoin Price Prediction: Why Bitcoin Could Rocket To $400,000 In 2021. bitcoin price which has hit a fresh all-time high of around $64,000 per bitcoin. Musk, whose playful dogecoin-related tweets have helped the "joke" bitcoin rival soar by 6,000% over the last six months, has this morning spurred dogecoin higher, tweeting a GIF of a laughing Shiba Inu—the dog that dogecoin is based on. In December 2020, he tweeted “Bitcoin is my safe word,” along with, “Bitcoin is almost as bs as fiat money.” On March 26, he tweeted that his automaker would start selling its vehicles in exchange for Bitcoin. I’m much more bullish on the longer-term outlook of Ethereum than on any cryptocurrency. The newest cryptocurrency that seems to have caught Musk’s eye is Cardano. Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, who frequently tweets about DOGE, also joined the social media action by tweeting a meme referencing the spike in the cryptocurrency. ET, Louis Navellier and Matt McCall will reveal an event that’s about to rock the stock market and how you could use it to beat the markets by nearly 11X. Dogecoin Spikes by 225% to Become Fifth Biggest Crypto... decrypt.co - Adriana Hamacher • 34m. The cryptocurrency Dogecoin hit a record high of $0.298 Friday morning amid Tesla CEO Elon Musk's boosting of the virtual currency on social media. RatCoin (RAT), Musk's new cryptocurrency, is named after the … On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. The broad bitcoin and cryptocurrency 2021 rally has been helped by the emergence of long-awaited institutional adoption and support from high-profile investors—including the likes of Musk. Larry Ramer has conducted research and written articles on U.S. stocks for 13 years. Republican House Leader Doubles Down On Bitcoin As Counter To China. Elon Musk’s tweets on Thursday may also be the reason: Musk turned the already increase in prices of Dogecoin by posting a painting, captioning it – a ‘Doge Barking at the Moon.’And then the price of the cryptocurrency also jumped, well on its way ‘to the moon.’ The painting is ‘Dog Barking at the Moon’ by painting by Spanish painter and sculptor Joan Miró. billionaire Elon Musk as his 'fav' cryptocurrency, has soared over the last few days. And with the recent, tremendous increase in the popularity of stock purchases, the financial media has become more powerful than ever before. Not for or against it, just don’t use it or own any.”, Two years ago, speaking on a podcast, Musk was more upbeat on Ethereum, saying “the Bitcoin structure is quite brilliant” and suggesting that there could be “some merit to Ethereum as well and maybe some others.”. © 2021 Forbes Media LLC. Tesla CEO Elon Musk has long been a fan of dogecoin, the "joke" bitcoin rival based on the popular ... [+] doge meme. Bitcoin Prices Reached An All-Time High Above $63,000—What's Next? The dogecoin price has doubled so far this week, climbing to never-before-seen highs of around 10 cents and outpacing bitcoin's recent blistering rally. A Brief History of Elon Musk’s Recent Market-Moving Tweets. The gif Musk tweeted, featuring the breed of dog that is the "face" of Dogecoin. Dogecoin to the Moon? Elon Musk, the world’s richest man, said in a video recorded by The Hollywood Fix that “there’s a good chance cryptocurrency is the future currency of Earth”. Elon Musk, the world’s richest man, said in a video recorded by The Hollywood Fix that “there’s a good chance cryptocurrency is the future currency of Earth”. The dogecoin rally began in late January when stock market traders frustrated by restrictions that were placed on popular meme stocks switched to cryptocurrencies with many piling into dogecoin. Dogecoin price quadruples as Elon Musk memes drive cryptocurrency to new record high ‘Now that $1 is an imminent reality, we should all pledge to HODL to $10,’ says one cryptocurrency … It puts the coin in the top 10 most valuable cryptocurrencies when measured by market capitalisation. The … Dogecoin is now among the top five most valuable cryptocurrencies in the world, after nearly quadrupling in price over the last 24 hours. The gif Musk tweeted, featuring the breed of dog that is the "face" of Dogecoin. All rights reserved. — Elon Musk (@elonmusk) February 21, 2021. Bitcoin surged to a record on Tuesday above $48,000 after Tesla Inc. announced a $1.5 billion investment. Many people believe that Bitcoin is the future cryptocurrency that will redefine the way the world works. Alternately, he said, he could pay Dogecoin investors to void their accounts. Larry Ramer has conducted research and written articles on U.S. stocks for 13 years. Ethereum, the second-largest cryptocurrency after bitcoin, has added 15% over the last week, while Ripple's XRP has recovered from a sell-off at the turn of the year, doubling in price and climbing to highs not seen in over three years. Tesla Founder and CEO Elon Musk has been turning heads with his increasing interest in cryptocurrency. Undoubtedly, one of the main ingredients of Tesla’s (NASDAQ:TSLA) success has been the trillions of dollars of free publicity that the statements and antics of its CEO, Elon Musk, have obtained for the company. All rights reserved. Dogecoin gained almost a third in value after Elon Musk tweeted about the cryptocurrency. This breed of hunting dogs from Japan inspired the Doge meme, which later transcended into the Dogecoin cryptocurrency that Musk has been promoting for years. Credit: Twitter / Elon Musk. Dogecoin has soared more than 100% to a new-all time high of $0.28 (£0.20), riding a broader wave of interest in cryptocurrencies that has been cresting in recent days.The cryptocurrency, which first started up as a joke in 2013, now has a market cap of $33.4bn thanks to the recent surge. Dogecoin (DOGE), the so-called "joke" cryptocurrency invented as a riposte to Bitcoin (BTC), is up more than 225% in the past 24 hours, and now has a … The CEO of Binance, one of the world’s largest cryptocurrency exchanges, has been reminded of his 2018 pledge to Elon Musk that he would buy a … “One word: DOGE,” tweeted Elon Musk, the CEO of Tesla Inc (NASDAQ:TSLA) on Dec. 20 and sent the joke cryptocurrency soaring as high as 20.5% in a single day. Copyright © 2021 InvestorPlace Media, LLC. Elon Musk believes that Mars’ economy will be run on cryptocurrency. On April 1 (ironically or perhaps not), Musk tweeted that “SpaceX is going to put a literal dogecoin on the literal moon.” Back on April 2, 2019, the day after April Fool’s Day, Musk tweeted “Dogecoin might be my fav cryptocurrency. Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, who frequently tweets about DOGE, also joined the social media action by tweeting a meme referencing the spike in the cryptocurrency. The cryptocurrency, which first started up as a joke in 2013, now has a market cap of more than $50bn. Such publicity has been a key to Tesla's success. In a tweet posted around 6:25am ET April 1, Musk wrote: "SpaceX is going to put a … As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. TSLA I am a journalist with significant experience covering technology, finance, economics, and business around the world. Elon Musk’s internet corner is abuzz again after Musk agreed that any settlements he makes on Mars will be powered by cryptocurrency like "dogecoin" or, as Musk … Musk, well-known for his market-moving tweets, last week posted "... going to moon very soon," shortly after the bitcoin price began climbing over the weekend, sparking speculation Musk's rocket company SpaceX could follow Tesla in adding bitcoin to its balance sheet. Dogecoin Price Predictions: Where Does Red-Hot DOGE Go After Record High? Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold. RatCoin (RAT), Musk's new cryptocurrency, is named after the … 3 Big Stories to Watch. Article printed from InvestorPlace Media, https://investorplace.com/2021/04/3-cryptos-elon-musk-tweets-about/. Credit: Twitter / Elon Musk. Opinions expressed by Forbes Contributors are their own. Elon Musk Dogecoin Support on Twitter Makes Cryptocurrency Soar 50 Percent Dogecoin has been growing faster than its cryptocurrency counterparts, Bitcoin and Ethereum . On April 20 at 7 p.m. Nonetheless, Business Insider reported that the tweet had resulted in “speculation about (Musk’s) plans” regarding the cryptocurrency, and the publication suggested that the CEO’s tweet had sparked the rally. "Fear of missing out can be a very strong emotion," Adrian Lowcock, head of personal investing at investment platform Willis Owen, said in emailed comments. Elon Musk has said that cryptocurrency Bitcoin is 'less dumb form of liquidity than cash' Tesla announced this month it had put $1.5 billion of cash into Bitcoin, prompting a surge in price; The optimism over institutional interest, among other factors, … The "meme cryptocurrency" is now valued at a … After that, I think Bitcoin’s value will crash and most consumers and companies will abandon it. Larry began writing columns for InvestorPlace in 2015. ; At 6:25 am ET, Musk tweeted: "SpaceX is going to put a literal Dogecoin on the literal moon. Elon Musk wants the leading US exchange, Coinbase, to list Dogecoin. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. Once again, the billionaire founder of Tesla and SpaceX, Elon Musk, has made another supportive tweet for his favorite cryptocurrency, Dogecoin (DOGE). Dogecoin quadruples in price as Elon Musk memes drive cryptocurrency to new record high. At 6:25 am ET, Musk tweeted: "SpaceX is going to put a literal Dogecoin on the literal moon." He has been employed by The Fly and Israel’s largest business newspaper, Globes. Therefore, I think that Ethereum could widely proliferate in the future. The joke currency Dogecoin spiked to 47 cents this morning, after starting the year worth less than a penny. Elon Musk wants dogecoin moguls to share their wealth. Elon Musk, Tesla and SpaceX’s founder, is a well-known Dogecoin advocate – yet has revealed concerns about cryptocurrency. Cryptocurrency, apparently. Many people believe that Bitcoin is the future cryptocurrency that will redefine the way the world works. Credit: Twitter / Elon Musk. I don’t think Musk’s main goal in writing the tweets was to be funny; instead, I believe that he’s using them to garner widespread, free publicity, a goal that they’ve accomplished to a large extent. The cryptocurrency, which first started up as a joke in 2013, now has a market cap of more than $50bn. In comparison, bitcoin, by far the biggest cryptocurrency by value, now boasts a market capitalization of almost $1.2 trillion following its massive bull run so far this year. Larry began writing columns for, in 2015. Among his highly successful, contrarian picks have been GE, solar stocks, and Snap. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. As I noted in my column on Dogecoin, I believe that the “the opposition of governments and large banks to cryptocurrencies is likely to prevent them from ever going mainstream.” Given the widespread publicity that Bitcoin has obtained, I think that it can continue to have a growing but fairly small user base for another year or two, with large price fluctuations, until the cyptocurrency bubble bursts in another year or two. The price of the meme cryptocurrency Dogecoin rose by around 20 percent on Sunday after a cryptic tweet by SpaceX CEO Elon Musk.. Users of the token, which was started as a … When Elon Musk, one of the greatest tech entrepreneur and innovators of all time tweets about something, it is sure to turn some heads. "Cryptocurrencies and the technology behind them might offer some potential but prices are extremely volatile and fortunes can just as easily be lost as they can be made.". Musk is no stranger to the world of economics and cryptocurrency. Ratcoin™ went public on Feb. 18, and is already making waves. Elon Musk has said he will buy out major Dogecoin holders in order to help make the fringe cryptocurrency the “currency of the internet”.. Musk Proposes Marscoin. Now, Elon Musk took it to an all-new level and its value exploded in 2021. And I do not believe that banks and governments would be as opposed to it as they are to Bitcoin and Dogecoin, which infringe on the powers of both entities. I am a journalist with significant experience covering technology, finance, economics, and business around the world. In a recent video of Musk being doorstop interviewed by … Almost all other cryptocurrencies are rallying hard ahead of Wednesday's Coinbase IPO, with the entire crypto market reaching a combined value of $2.2 trillion this week—up $200 billion in just a matter of days. Still there, you know stripes stripes eating them slowly, but don't they're doing a pretty good job, but they're they're the by the banks are in trouble if if it's not to be somebody else and you love code, but you don't seem to be as bullish on Bitcoin. Coinbase Is Going Public - Will This Create Further Crypto Differentiation? Outgoing and outspoken, possessing a great sense of how to drive headlines, and looking the part of a wildly successful tech entrepreneur, Musk has become a favorite subject of the American and international media. Dogecoin gained almost a third in value after Elon Musk tweeted about the cryptocurrency. Elon Musk of Tesla and SpaceX fame has hinted that he could develop a cryptocurrency, though the possibility remains uncertain. In this clip Gali asks Elon Musk about Bitcoin and what he thinks of the cryptocurrency. In other words, he suggests that Bitcoin is less “bs” than fiat currency and indicates that he expects the efficacy of cryptos to improve. Price Action: Dogecoin traded 3.09% lower at $0.058 at press time on Monday. Musk's tweets about cryptocurrency have yielded a great deal of positive, free publicity for Tesla. CCIV Stock: Could Lucid Motors Be the Next Big Short-Squeeze Star. I write about how bitcoin, crypto and blockchain can change the world. Tesla CEO Elon Musk says he’s “late to the party” on bitcoin, but he’s a supporter now. Cryptocurrency, apparently. What started off as a meme-inspired parody cryptocurrency has now become the center of a series of tweets in a bitcoin sound-off from Elon Musk. Elon Musk has again touted DogeCoin, saying the meme cryptocurrency is 'literally' going to the moon after buying an undisclosed amount for his young son.. Dogecoin, the memecoin named by Tesla TSLA billionaire Elon Musk as his 'fav' cryptocurrency, has soared over the last few days. That’s because it’s actually “an open-source, blockchain-based, decentralized software platform,” rather than a cryptocurrency per se, as Investopedia points out. It has a dedicated following and community, which exploded when Musk began tweeting about the cryptocurrency earlier this year. Will You Be One of Them? On Wednesday (February 10), Elon Musk, the world’s second richest person (according to the Forbes’ “The Real-Time Billionaires List“), gave crypto investors some important advice. That’s because it would, I believe, enable everyone to easily see and trace transactions in real time, creating the ultimate transparency. While Dogecoin has a major backer in Musk, the risks involved with the cryptocurrency remain high. DOGECOIN prices have hit an all-time high amid a flurry of investing from memesters spurned on by SpaceX mogul Elon Musk. That data, like all data, is subject to latency & error. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com. Musk on Saturday also wrote that the price of bitcoin and ethereum seemed high after the world's most popular cryptocurrency hit a fresh high in Asian trading on Saturday, extending a two-month rally a day after the digital currency's market capitalization exceeded $1 trillion, Reuters reported. The dogecoin price has soared a staggering 70% over the last 24 hours, climbing alongside the ... [+] bitcoin price which has hit a fresh all-time high of around $64,000 per bitcoin. The billionaire Tesla CEO urged dogecoin’s largest owners to sell most of their holdings as he expressed concern about a … ... Tesla (TSLA) CEO Elon Musk, who has shared vaguely supportive messages about Doge frequently on … Ethereum (ETH) Price Predictions: Where Will ETH Go After New Record Highs? As the founding editor of Verdict.co.uk I reported. By the middle of 2022, I think it will be largely ignored and worthless. Given these points, I expect interest in the cryptocurrency to drop sharply by the end of this year, causing its value to plunge. Although Musk stated that Bitcoin and Ethereum “do seem high,” he notably once made a similar statement about Tesla stock, so in a way, Musk tweeting that the cryptos “seem high” could be viewed as positive towards them. Further, in the video , which lasted under two minutes, the eccentric billionaire went on to suggest it could … As noted earlier, on Feb. 20, he wrote that Ethereum did “seem high.” Last July, he tweeted, “I’m not building anything on ethereum. Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies. On close inspection, his tweets that seem negative towards Bitcoin are somewhat positive towards it. Just after midnight on April 15, Musk … On January 29, 2021, Elon Musk—richest person in the world—unexpectedly changed the description of his Twitter account to #bitcoin.The price of Bitcoin rose by approximately $6,000 in a matter of hours, increasing its market capitalization by $111 billion. Millions of People Will Soon Be Blindsided. After surging 300% in 2020, the digital currency set a new record on January 2 when its price passed $30,000. Dogecoin Price Predictions Surge as DOGE Becomes No. You can reach him on StockTwits at @larryramer. Most recently, on April 10, in a statement that many thought was referencing Bitcoin, Musk tweeted, “going to moon very soon.” Apparently, many Bitcoin fans like to say that the cryptocurrency will go “to the moon.” On the other hand, as Business Insider pointed out, Musk may well have been referring to another one of his companies, SpaceX, which plans to visit the moon in 2023. The “Musk Effect” – How Elon Musk’s tweets affect the cryptocurrency market. 1125 N. Charles St, Baltimore, MD 21201. Elon Musk Tweets and His Favorite Cryptocurrency Pumps, Again! The year of meme finance continues — the question now is whether an Elon Musk … SpaceX is going to put cryptocurrency on the moon, the company's CEO Elon Musk has claimed. 2021 InvestorPlace Media, LLC. Nasdaq As a long-time Dogecoin enthusiast, it isn't a surprise that Elon Musk has built his own blockchain altcoin. On Jan. 29, Musk altered his Twitter bio to #bitcoin. Money is just data that allows us to avoid the inconvenience of barter. — Elon Musk (@elonmusk) April 15, 2021 Over the years, Elon has been a serious fan of DOGE. Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's favorite cryptocurrency is not Bitcoin (BTC) but a meme-based cousin, which has a Shiba-Inu as its … He’s also written that Dogecoin is “the people’s crypto” and proclaimed that it is “on the verge of getting broad acceptance.” However, he’s also suggested that all of “his tweets about dogecoin were meant as jokes,” in CNBC’s words. Nevertheless, here’s a list of three cryptos that Musk has tweeted about, along with some of his statements about each cryptocurrency, and my own views on them. As I wrote in my previous article, I believe that Dogecoin is “a rare bubble within a bubble,” while other InvestorPlace contributors have contended that the currency is unstable and has little reason for existence. On April 1, Musk said his private rocket company SpaceX is going to put a "dogecoin on the literal moon"—sending the price of the meme-based cryptocurrency up 35%. The cryptocurrency made popular by Tesla chief Elon Musk, has reached an all-time high after a 70.22 per cent in the last 24 hours, the highest ever surge it has seen. He has been employed by The Fly and Israel’s largest business newspaper, Globes. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Ratcoin™ went public on Feb. 18, and is already making waves. This take Dogecoin’s current value to $0.122680 or almost 12 cents. Tesla CEO Elon Musk has informed his followers that he wants to buy a Shiba Inu. The Leukemia & Lymphoma Society BrandVoice, SEC Commissioner Hester Peirce Wants To Clear The Way For Token Fundraising, How Copy-Trader Platforms Are Capitalizing On The Crypto Boom, Expect More Bitcoin On Balance Sheets, As Paypal, MicroStrategy Fidelity And Walmart Sound Off On Blockchain. 8 Crypto, Why You Should Buy $500 in DOGE as Dogecoin Prices Rocket to 17 Cents. Dogecoin, the memecoin named by Tesla TSLA billionaire Elon Musk as his 'fav' cryptocurrency, has soared over the last few days. Tesla CEO Elon Musk recently shared his mixed feelings regarding the future of Bitcoin and other cryptocurrencies during an interview with the Third Row Tesla Podcast. ", Click here to subscribe to Forbes CryptoAsset & Blockchain Advisor. quotes delayed at least 15 minutes, all others at least 20 minutes. He said in a Sunday interview on the Clubhouse social app that he believes the cryptocurrency is “on the verge of getting broad acceptance by conventional finance people.” [soros] … On Feb. 20, the CEO tweeted, “An email saying you have gold is not the same as having gold. What does the world’s richest person buy his baby? Elon Musk tweeted cryptically in an apparent reference to the rally, fueling speculation about his plans. You can reach him on, to Ethereum as well and maybe some others, Attention: Bitcoin Still Has a Path to $100,000 By Year’s End, Matt McCall and the InvestorPlace Research Staff, Investors Should Move Fast While the Recovery in PayPal Stock Continues, Louis Navellier and the InvestorPlace Research Staff. Musk's tweets about various types of cryptocurrency have yielded a great deal of positive, free publicity for Tesla. It’s pretty cool.” In February of this year, asked why he’s so upbeat on the cryptocurrency, Musk tweeted that he “loves dogs and memes.”. I’m sure Ethereum would have multiple other very important uses as well. The cryptocurrency is rather popular on Reddit, but its biggest fan seems to be Musk, whose tweets tend to drive up Dogecoin value.The currency has gone up more than 2,000 percent from the start of the year, and more than 85 percent in the last 24 hours. You might as well have crypto. Specifically, many consumers and some companies are buying cryptos like Bitcoin (CCC:BTC-USD) and Dogecoin (CCC:DOGE-USD) primarily because they are viewed by many millennials as “cool.” I believe that Elon Musk is tweeting about and buying cryptos largely to enhance the “coolness” factor of his company and himself. Further, in the video , which lasted under two minutes, the eccentric billionaire went on to suggest it could easily be several cryptocurrencies that see mass adoption. What does the world’s richest person buy his baby? Tesla in adding bitcoin to its balance sheet, sending the price of the meme-based cryptocurrency up 35%. The cryptocurrency is rather popular on Reddit, but its biggest fan seems to be Musk, whose tweets tend to drive up Dogecoin value.The currency has gone up more than 2,000 percent from the start of the year, and more than 85 percent in the last 24 hours. By Lennart Ante. The gif Musk tweeted, featuring the breed of dog that is the "face" of Dogecoin. Now, Elon Musk took it to an all-new level and its value exploded in 2021. "The greatest gainer today goes to dogecoin, which has leaped approximately 30% since the morning, briefly topping 9.5 cents a coin," Mati Greenspan, the founder of market analysis outfit Quantum Economics, wrote in a Tuesday email note. New York (CNN Business) What started off as a meme-inspired parody cryptocurrency has now become the center of a series of tweets in a bitcoin … Cryptocurrency bitcoin is on the rise again, with recent massive gains. Elon Musk tweets, and DOGE triples overnight. Elon Musk, the richest man in the world and CEO of Tesla (NASDAQ: TSLA), tweeted Dogecoin should be listed on Coinbase. On Feb. 14, Musk expressed a desire to buy large amounts of Dogecoin to drive up its value. Copyright © I believe that such a platform could be quite useful for functions like stock trading, selling tickets to events, and vote counting. What Will the Stock Market Do Today? CRYPTOCURRENCY trading app Robinhood has denied restricting dealing on its platform as the price of the Elon Musk favourite Dogecoin token … As a long-time Dogecoin enthusiast, it isn't a surprise that Elon Musk has built his own blockchain altcoin. 1125 N. Charles St, Baltimore, MD 21201. "It seems the memes are in total control of this market. Elon Musk, CEO of Tesla and SpaceX, business magnate, and one of the richest men in the world, recently announced that he has created a brand-new cryptocurrency. It seems that Musk has not tweeted a great deal about this cryptocurrency. You may opt-out by. The system will evolve to that which minimizes both.” In a separate tweet, he added, “That said, BTC & ETH do seem high lol.”. Additionally, as I wrote in a previous column on Dogecoin, I think the main force propelling cryptos higher is their “coolness” factor. Dogecoin price quadruples as Elon Musk memes drive cryptocurrency to new record high ‘Now that $1 is an imminent reality, we should all pledge to HODL to $10,’ says one cryptocurrency … Dogecoin, the cryptocurrency that Elon Musk wouldn't stop tweeting about, has surged to an all-time high - and the wave doesn't seem like it's dipping down anytime soon. I believe that Musk’s tweets about cryptocurrency, Tesla’s purchases of cryptocurrencies, and the automaker’s decision to accept them as payment for its vehicles are simply new methods that Musk is using to garner very valuable headlines for Tesla and himself. However, his tweets cannot be trusted because of his popularity for trolling on social media. Dogecoin, the cryptocurrency that Elon Musk wouldn't stop tweeting about, has surged to an all-time high - and the wave doesn't seem like it's dipping down anytime soon. Dogecoin, a meme-based cryptocurrency, was created as a joke and is one of Elon’s favorite crypto. All Rights Reserved, This is a BETA experience. Musk isn’t any stranger to the world of economics and cryptocurrency. The popular cryptocurrency briefly rose above 40 cents, up from a penny in January. Elon Musk, CEO of Tesla and SpaceX, enterprise magnate, and one of many richest males on the earth, lately introduced that he has created a brand-new cryptocurrency. Dogecoin, the memecoin named by Tesla The bitcoin price, after beginning the year at just under $30,000, has soared to an all-time high of almost $65,000 per bitcoin this week as a bitcoin trading frenzy ahead of the closely-watched market debut of U.S. crypto exchange Coinbase reaches fever-pitch. independent.co.uk - Anthony Cuthbertson • 1h. Tesla CEO Elon Musk recently shared his mixed feelings regarding the future of Bitcoin and other cryptocurrencies during an interview with the Third Row Tesla Podcast. 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