Elon Musk is known for being an entrepreneur, eccentric personality, cryptocurrency investor, and part of the owner and strong supporter of the power meme that turned into the token Dogecoin. He continues to educate people about the miracles and dangers of encryption.
Let’s take a look at the history of Elon Musk and cryptocurrencies, especially Dogecoin.
Behind the scenes…
Elon has participated in many different projects-some have been successful, some are hopeful for the future. Because of his influence in social media and mainstream media, he is also known as an influencer on popular and non-hot topics. Tesla owners quickly established Apple-level brand loyalty.
Musk sent a tweet that affected the way people invest heavily. He currently holds the positions of co-founder, CEO and/or chief designer at SpaceX, Tesla, OpenAI, Neuralink and The Boring Company. These innovative companies cover a wide range of vertical fields, from artificial intelligence to infrastructure, aerospace, electric vehicle manufacturing, and neurotechnology. Musk was part of the early online payment era. He personally found Paypal, one of the earliest online transaction companies. One project that Elon played a role in growing up is Dogecoin.
Latest price action on Doge coin : Doge-USD on TradingView.com
In April 2019, Elon Musk mentioned Dogecoin and his interest in becoming a dog head, he said, “Dogecoin is probably my favorite cryptocurrency. It’s so cool.“The price of the token rose from $0.002 on April 1 to $0.004 on April 4. Musk continued to tweet about DOGE on Twitter, and even other celebrities like Snoop Dogg joined.
Musk has recently been known for his views on holding Bitcoin-he exposed the threat and harm that Bitcoin mining poses to the planet. These tweets came in and out with his fear of cryptocurrency and caused controversy. Someone can say that Musk was partly responsible for the 20% plunge of Bitcoin and the rise and fall of Dogecoin after the emergence of SNL. One of the things we learned from Trump’s presidency is the impact of social media on the public today, and Elon has proven that this theory is correct. The way he uses social media as a tool to influence the way people see things is amazing.
Although some of these may be accidental, if you look at the impact over time, it is clear that Elon used Twitter and exerted an influence on cryptocurrency. His attention shows that celebrities can play a role in exposing these projects to the mainstream world to promote the development of encryption technology. Your travel expenses may change.