Elon Musk Tweets, Dogecoin Surges

Elon Musk has sent the meme cryptocurrency Dogecoin soaring.

By Dan Bova | edited by Frances Dodds | Feb 04, 2021
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Elon Musk | Twitter

In a series of overnight tweets to his 45 million followers, Elon Musk drove the value of Bitcoin rival Dogecoin up more than 50%.

His was only one word: “Doge.” He it up with “Dogecoin is the people’s crypto,” and : “No highs, no lows, only Doge.” The value has increased from 3 cents to over 5 cents at one point on Thursday.

, Musk is making a habit of boosting Dogecoin shares. This past December 20, he tweeted, “One Word: Doge” and drove the value up 20%.

Musk has been publicly critical of cryptocurrency bitcoin, , but explained on Clubhouse that he regretted not buying it eight years ago. He seems to feel pretty good about where he is with Dogecoin, based on this Lion King meme he tweeted of himself as the monkey Rafiki holding up baby Simba with a Doge head.

Related: How a Series of Elon Musk Tweets Helped Lead Investors to Dogecoin, a Meme-Inspired Cryptocurrency Worth 4 Cents

In a series of overnight tweets to his 45 million followers, Elon Musk drove the value of Bitcoin rival Dogecoin up more than 50%.

His was only one word: “Doge.” He it up with “Dogecoin is the people’s crypto,” and : “No highs, no lows, only Doge.” The value has increased from 3 cents to over 5 cents at one point on Thursday.

, Musk is making a habit of boosting Dogecoin shares. This past December 20, he tweeted, “One Word: Doge” and drove the value up 20%.

Musk has been publicly critical of cryptocurrency bitcoin, , but explained on Clubhouse that he regretted not buying it eight years ago. He seems to feel pretty good about where he is with Dogecoin, based on this Lion King meme he tweeted of himself as the monkey Rafiki holding up baby Simba with a Doge head.

Related: How a Series of Elon Musk Tweets Helped Lead Investors to Dogecoin, a Meme-Inspired Cryptocurrency Worth 4 Cents

Dan Bova • VP of Special Projects

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