A day after being named Time’s 2021 Individual of the 12 months, Tesla CEOtweeted that the electrical automotive firm will make “and see the way it goes.” The cryptocurrency rose 31% instantly after the tweet.
- Inside two hours of his 5:34 a.m. ET tweet, the worth of Dogecoin rose from 16 US cents to 21 US cents with quantity growing 250% from US$995 million to US$3.5 billion, in keeping with Coingecko.
- Elon Musk has a protracted historical past of , and even getting within the crypto neighborhood for cheerleading a meme coin — initially produced as a satire — over established cash like Bitcoin.
- Earlier this 12 months, Musk introduced Tesla would settle for Bitcoin for cost after which when it was criticized as hypocritical since Tesla reduces gasoline consumption, aiding the struggle towards local weather change, whereas Bitcoin requires super vitality to mine.