Despite the recent collapse of the cryptocurrency market, which was mainly blamed on Tesla CEO Elon Musk, it seems that the billionaire technology mogul does not want to give up tweets on digital assets. Many investors criticized Musk’s tweets as an attempt to “manipulate” the cryptocurrency market and asked him to stop tweeting on the matter. But Musk ignored their request and joked again about his favorite Dogecoin. He called the idea of ​​a hot tub using the heat generated during the mining of meme currency a “great idea.”

Musk’s comments on Dogecoin in a tweet on the crypto trading app Blockfolio saw the price of Dogecoin rise from Rs 20.84, and then immediately after he tweeted, it reached Rs 22.41 within the hour of his tweet. Peak. At the time of writing, the transaction price of Dogecoin was 22.10 rupees.

His comments also received more likes and reposts than Blockfolio’s original suggestions. Many people think Musk’s comments are a sign of an imminent bull market in cryptocurrencies, or that Musk’s boring company or Tesla accepts Dogecoin as payment.

The electric car manufacturing company initially announced that it would accept payments in Bitcoin, the world’s largest and most popular cryptocurrency, but later withdrew its announcement due to climate issues.

Musk issued a statement from Tesla on Twitter, saying that fossil fuels are promoting Bitcoin mining. However, Tesla’s CEO stated that he supports cryptocurrencies, but they must be energy efficient in order to become “the future currency of the world.”

These decisions and his live performance on Saturday night on the popular TV show, he called Dogecoin “hustle and bustle” and was accused of triggering a downward spiral in the market along with China’s tightening of crypto trading regulations.

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Musk’s SpaceX company has planned to send a lunar mission fully funded by Dogecoin to the moon. Geometric Energy Corp has booked a carpool mission to the moon on the SpaceX Falcon 9 rocket.

The mission is scheduled to start in the first quarter of 2022. However, since Musk released the news on April Fool’s Day, it is wise to wait until more information is shared.


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