On July 17, a few days after Elon Musk’s Twitter account was hacked and a virtual currency address was inserted, someone asked him about Bitcoin.
The `Doge` phrase Musk refers to is Dogecoin (DOGE), the virtual currency that was recently heavily promoted on TikTok and currently has a market capitalization of about $300 million.
Elon Musk posted a meme about Dogecoin.
In a later tweet, Musk continued to half-joke about Doge.
Musk’s tweet quickly went viral.
Dogecoin’s value increased sharply after Musk’s tweet.
This is not the first time Musk has mentioned Dogecoin.
In the past, Musk liked to toy with virtual currencies.
J.K.
Musk once admitted to liking Dogecoin.
According to Dan Tepiero, founder of DTAP Capital, a firm specializing in mortgages, commodities and venture capital, Musk’s assets are so large that he has other things to worry about than putting his trust in them.
Dogecoin was created by Billy Markus, a former computer engineer and programmer at IBM, and Jackson Palmer, a marketing expert at Adobe.
Dogecoin is not considered to have much commercial value, but is used by some people to `donate` useful content on the Internet.