Elon Musk & Crypto: “How One Man Has All That Power”
December 12 2021 - 8:27PM
NEWSBTC
Elon Musk has made himself known as an entrepreneur, eccentric
personality, crypto investor as well as part owner and heavy
endorsor of power-meme turned token, Dogecoin. He continues to
continues to educate those on the wonders and dangers of crypto.
Let’s take a look at the history of Elon musk and crypto,
particularly with Dogecoin.
Related Reading | Bitcoin ATM Stolen During Raid
In Barcelona Behind The Scene Moves… Elon has had his hand in many
different projects – some that have hit, and others that look
hopeful for the future. He has also been known as a influencer in
what’s hot and what’s not, because of his power within social and
mainstream media. Tesla owners have quickly established Apple-level
brand loyalty. Musk has single-handled tweeted and affected the way
people invest in high volumes. He currently holds the positions of
co-founder, CEO and/or chief designer at SpaceX, Tesla, OpenAI,
Neuralink and The Boring Company. Theses innovative companies cover
a wide array of verticals, from AI to infrastructure, aerospace,
electric vehicle manufacturing, and neuro-technology. Musk was
apart of the early online payment days with his hand in finding
Paypal, one of the first online transaction companies. One project
Elon has played a role in growing is Dogecoin. Latest price action
on Doge coin : Doge-USD on TradingView.com In April 2019, Elon Musk
mentioned Dogecoin and his interest in being a doge-head, he said,
“Dogecoin might be my fav cryptocurrency. It’s pretty cool.” The
price of the coin went from $0.002 on April 1 to as high as $0.004
on April 4. Musk continued tweeting about DOGE, and even had other
celebs like Snoop Dogg join in. What’s Beef Musk has been known for
his recent point of view on bitcoin, after being a holder – he
exposed the threats and harms to the earth caused by bitcoin
mining. These tweets caused controversy along with his in and out
play with the fears of crypto. Some can say Musk was in part
responsible for the 20% plunge Bitcoin went through, well as
Dogecoin’s rise and drop after his SNL appearance. One thing we
learned from Trump’s presidency, is the impact social media can
have on the public today, and Elon has proved this theory
right. The way he has used social media as a tool to
influence the way people look at things is amazing. While some of
it can be chance, if you look at the impact over time, it is clear
that Elon has used Twitter and wielded influence that has impacted
cryptocurrency. His following has shown that celebrities can play a
role in exposing those projects to the main stream world to push
crypto forward. Your mileage may vary. Related Reading | Over
$5 Billion In BTC Paid In Top 10 Ransomware Variants, Says U.S.
Treasury
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