More than $ 100 million, this is the profit that Elon Musk had after selling 10% of his $ 1.5 billion in bitcoin. A profit that has helped a lot the good result of the quarterly Tesla. With enthusiasm he had communicated to the world in February that he would accept the cryptocurrency from those who wanted to buy his Tesla but suddenly Wednesday 12, with the usual tweet, he announced he had changed his mind.
Producing bitcoin requires too much energy, he ruled. One wonders if he discovered it only yesterday. But it's hard to think he's clueless, especially since in the meantime his tweets have led to major market movements, with losses of all cryptocurrencies even exceeding 15%.
Almost simultaneously, and always on his Twitter account, Musk had launched a survey where he asked his followers if they would like Tesla to accept Doge for payments. Needless to say, Musk's question was almost a plebiscite of the network in favor of Doge.
Suddenly Elon Musk discovers that bitcoins pollute and backtracks, Tesla will no longer invest in them. Quotations plummet (-16%)
It is a cryptocurrency that started almost as a joke in 2013 and is based on the meme of a Shiba Inu dog breed. Created by two software engineers from Ibm and Adobe, it started as a parody of bitcoin. As of early 2021, Dogecoin is the fastest growing digital currency and currently ranks fourth overall with a market capitalization of over 65 billion. There is no evidence that to produce Doge the energy used is less than the others as it equally requires a great deal of computing power and stratospheric energy consumption and the resulting damage to the environment.
But that's not all. Musk also announced that next year SpaceX will launch a satellite to the moon called "Doge-1" and the mission will be paid entirely in Dogecoin.
me have speculated that Musk has already started raking in Dogecoin on the market with a billion-dollar portfolio. In particular, Business Insider revealed that a "whale" - this is the definition of billionaire wallets in the cryptocurrency world - owns 36.7 billion Dogecoins. Of course, the owner of the digital wallet is unknown, but the transaction log shows figures reminiscent of Elon Musk's birth date. Three separate transactions were equal to 28,061971 Dogecoins. Musk's date of birth is June 28, 1971.
To recap: the Dogefather, as Musk calls himself, chooses cryptocurrency as his favorite and begins his marketing campaign on Twitter to include it as a method of payment for his cars and funds a mission to the moon in Doge.
A clue is a clue, two clues are a coincidence, but three clues make a proof.
