Elon Musk, the CEO of SpaceX and Tesla, stated in a post on Twitter that Dogecoin is the money of the people, and the value of the crypto currency Dogecoin has increased by nearly 70 percent.
"Dogecoin is the crypto money of the people," Elon Musk, CEO of SpaceX and Tesla, posted on Twitter. Dogecoin, the cryptocurrency, rose close to 70 percent.
Musk announced that he would take a break from Twitter for a while. Again, in his post on Twitter, "I leave it to Twitter for a while." Musk said, with his posts, he had a serious impact on the crypto money market.
"I'm Late To The Party"
At Musk Clubhouse, "I should have bought Bitcoin 8 years ago, I was late to the party." he said. Stating that Bitcoin is a good thing and is a supporter, Musk said, "It would be fun for Dogecoin to be a global currency." he added.
After Musk put the Bitcoin tag and emoji on his Twitter profile statement last week, the cryptocurrency jumped 10 percent to over $ 36,000.
Bitcoin, the largest cryptocurrency, instantly rose 15 percent in London transactions.
Earlier on Friday, Musk also sparked the Dogecoin rally with the "Dogue" magazine, which he shared on Twitter and featured a dog on the cover. Dogecoin, originally created as a joke, has increased 300 percent after sharing.
Elon Musk asked to move his balance sheet to Bitcoin
During a Twitter conversation, Elon Musk asked whether it was possible to convert Tesla's balance sheet to Bitcoin.
In a conversation with Musk on Twitter, MicroStrategy CEO Michael Saylor told Musk that the company should move its balance sheet to Bitcoin.
"If you want to do a $ 100 billion favor to your shareholders, you should move your balance sheet from dollars to Bitcoin." Saylor said, "Other companies in the S&P 500 will follow you, and over time this favor can reach up to $ 1 trillion." he added.
Musk asked if such a large transaction was possible, and Saylor stated that it was possible and that he had bought $ 1.3 billion of Bitcoin in the past months and could share his tactics offline if he wanted.
