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Elon Reeve Musk, born on June 28, 1971, is a great entrepreneur and Creator of one of the first digital payments companies, CEO of the world’s first electric car manufacturer, founder of a space exploration and Tourism Company and another one that develops neurotechnological interfaces between the human brain and machines.
This brief summary could easily fit eccentric billionaires like Howard Hughes, who had his story told in Martin Scorsese’s “The Aviator”, or a movie character like Marvel’s Iron Man.
Elon Musk, by 2022, already has 9 major roles in renowned companies, they are:
- Founder, CEO, and Technical Director of SpaceX
- Tesla CEO
- CEO of Twitter
- Vice President of OpenAI
- Founder and CEO of Neuralink
- Co-Founder and President of SolarCity
The entrepreneur recently completed the purchase of the social network Twitter, for US$ 44 billion. After the purchase, Elon Musk announced restructuring measures, including the dismissal of employees, in addition to the extent of the controversy between him and advertisers, who account for a large part of the platform’s revenue.
Now, read below to know his impact on Bitcoin and the Crypto market.
Elon Musk Makes Bitcoin (BTC) Fall Again With A Cryptic Tweet
Many people believe that the future value of the APE will be reflected in the excitement surrounding this project. He said bitcoin “will make it” and “DOGE to the moon.” Musk believes bitcoin, Ethereum, and dogecoin have a future despite crypto winter and the chaos surrounding the bankrupt crypto exchange FTX.
Impact Of Musk’s Tweet On Bitcoin
The market interpreted this joke as a kind of Musk signal against Bitcoin, and the effect of this was remarkable. Bitcoin has fallen by about 7% in 24 hours. The next day, the mongrel’s area already showed good recovery, just over 4%.
The CEO of Tesla has long been known to be a Bitcoin enthusiast. However, since the beginning of this year, he has been constantly fighting the market, giving mixed signals, mainly on his Twitter profile, about what he thinks about digital assets.
Elon Musk Wants To Take Dogecoin To The Moon
Once again, billionaire and SpaceX boss Elon Musk has tweeted what seems like an endless campaign for Dogecoin. This time around, Musk showed that SpaceX, the equivalent of his personal NASA, would literally take Dogecoin to the moon. Also, it is not surprising that his last tweet once again impacted the price of the altcoin, which jumped 35% minutes later.
At this point, many are wondering if the South African billionaire is taking it all as a game or not, although there is no longer any doubt that DOGE is his favorite altcoin. Speaking of the Moon, it’s worth mentioning that 12 NASA astronauts have visited it so far, including Neil Armstrong in 1969. However, none of them left any coins on the moon, especially cryptocurrencies.
So, Musk is considering taking dogecoin “physically” with him on his journey to our satellite in 2023. Or is it just another metaphor to illustrate how far Musk thinks a dog-themed altcoin will go?
Traders regularly use the phrase “on the moon” to refer to an asset that they believe will rise in price exponentially. With that in mind, it might not be out of place to consider the possibility of Musk doing the same.
If it aims to “literally” physically place Elon musk dogecoin on the moon, SpaceX has another reason to correct the engineering flaw that led to the failure of its Starship SN11.
This isn’t the first time Musk has suggested that DOGE is “literally” going to the moon. Back last month, he posted a photo of a Shiba Inu – a dog breed commonly used in Dogecoin memes – on the moon.
71% of the 2.4 million voters believed that “Dogecoin to the Moon” would be the “future currency of the Earth.”
Finally…
We don’t know if he’s joking or if he’s serious about getting dogecoin to the moon, but you can’t ignore the fact that Musk is definitely interested in altcoin, and that interest has heavily influenced the quote where the asset is now.
FAQs
According to them, the wallet address belongs to Elon Musk, who owns 2.5 million Dogecoins.
The Tesla merchandise store now accepts Dogecoin as a payment option, a significant endorsement of the cryptocurrency.
Musk has previously disclosed that he owns Dogecoin, but Tesla has not indicated that it does, although it accepts Doge payments for some merchandise on its website.
Elon Musk, the billionaire and self-proclaimed Dogefather, has his own reasons. In his original statement, he said he liked Dogecoin because fate loves irony, and the most ironic outcome would be for joke crypto to become the currency of the future
Musk appeared on the show as “the Dogefather” and when asked “what is dogecoin? “, he replied: “Yeah, it’s a hustle.”
Also Read: Mistakes To Avoid When Getting Into Crypto Mining
