Elon Musk tweets again about Bitcoin and Dogecoin
Elon Musk tweets again about Bitcoin and Dogecoin
Bitcoin

Elon Musk tweets again about Bitcoin and Dogecoin

By Eleonora Spagnolo - 11 Feb 2021

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Elon Musk continues to tweet about Bitcoin and Dogecoin. He did so twice yesterday.

The first tweet is a meme showing actor Chuck Norris, legendary star of the TV series Walker Texas Ranger. 

The writing reads:

“Can withdraw Bitcoins from MT. Gox”

In the TV series, in fact, Chuck Norris plays a skilled ranger who keeps order and fights crime in the city of Dallas. 

The meme also credits Chuck Norris with the ability to recover Bitcoins that were lost for the time being after the Mt. Gox episode. 

This was the first failed exchange in the history of cryptocurrencies. It closed its doors in February 2014, declaring bankruptcy, and admitting technical problems that led it to have BTC shortages. Thousands of investors have been waiting to be compensated for their losses ever since. 

Musk, with his tweet, demonstrates that he is well aware of one of the events that has been a milestone in the history of cryptocurrencies.

Elon Musk: the future is not Bitcoin but Dogecoin

With the second tweet instead, Elon Musk suggests that the future is Dogecoin:

“Bought some Dogecoin for lil X, so he can be a toddler hodler”

Lil X is the nickname of the last of his children, whose real name is X-ae A-12. The baby is about 9 months old, and a later tweet shows him at home by the couch. For him, his daddy thoughtfully made an investment in Dogecoin, which he can use in the future. As if to say that Dogecoin will have a long life, despite being born as a joke.

Usually, the endorsements of Elon Musk always manage to move the market teasing purchases. This time, however, his words do not seem to have had any effect. Since yesterday, in fact, Bitcoin is retracing, losing 3% and standing at 45,000 dollars. 

Even Dogecoin, after the flights of recent weeks, today records a similar loss and seems to be consolidating its price at 7 cents. Nonetheless, it increased by 10 times compared to a few weeks ago. 

Is the “Musk effect” over on the markets?

Eleonora Spagnolo

Journalist passionate about the web and the digital world. She graduated with honours in Multimedia Publishing at the University La Sapienza in Rome and completed a master's degree in Web and Social Media Marketing.

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