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Virtual currency: Elon Musk makes dogecoin dive

10/05/2021
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Guest of the famous comedy show Saturday Night Live, the boss of Tesla made a joke that plummeted the dogecoin, while the announcement of his participation had nevertheless made him jump.

A joke by Elon Musk caused dogecoin prices to fall. Camping a financial expert, Elon Musk praised the merits of cryptocurrencies, and especially the "doge": "This is the future of money. It is an unstoppable financial vehicle that will conquer the world. One of the participants in the sketch then asked him: "So it's a scam? ». To which the billionaire replied, "Yeah, it's a scam," before laughing.
This joke had huge consequences. The dog-headed crypto has not been the only victim of the South African's devastating humor. Bitcoin fell 1% to $58,000 during the broadcast. Tesla has a bitcoin wallet worth $2 billion. Elon Musk had promised to send the dogecoin "to the moon", taking up the slogan of the "fans" of the cryptocurrency. But he quickly made it fall back to earth. Dog-headed crypto has lost nearly 30% of its value in 24 hours.

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