Why did Elon Musk tweet about Dogecoin?

Elon Musk tweeted an ancient Chinese poem about two brothers who fight out of jealousy, in what some Twitter users said could be an oblique reference to the Dogecoin vs Shiba Inu cryptocurrency spat. The tweet, posted Tuesday by the world’s richest man, was titled “Humankind,” followed by the poem in Chinese.

What is the connection between Elon Musk and Bitcoin?

Despite his recent criticism of bitcoin mining and its environmental impact, billionaire Elon Musk confirmed that he personally owns the cryptocurrency and has held it long-term.

What is the meaning of Elon Musk Twitter DP?

Elon Musk has changed his Twitter display picture (DP), otherwise known as a profile photo, a character from a Japanese site wearing a Bitcoin dress and posed on the foreground of a $BTC logo. Still, speculations point out to Musk targeting Bitcoin fans that blame his tweets for the leading cryptocurrency plummet.

What Elon Musk said about Shiba coin?

That’s why I decided to support Doge—it felt like the people’s crypto,” Musk said in a tweet. Shiba Inu went on a high to become the 11th largest cryptocurrency in the world but when Musk said that he doesn’t own a single Shiba, the crypto fell back to the 13th spot.

Does Elon Musk personally own bitcoin?

Billionaire Elon Musk is a huge fan of cutting-edge technology and is usually ahead of the curve when it comes to finance, but he’s not a bitcoin bull. The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token. “I literally own zero cryptocurrency, apart from .

What Musk said about Dogecoin?

Tesla chief Elon Musk said that cryptocurrency Dogecoin fees would need to fall for it to become more widely used in retail purchases. “Super important for Doge fees to drop to make things like buying movie tix viable,” Elon Musk tweeted.

Will Elon buy Shiba?

The Shiba Inu cryptocurrency meme coin is trading at all-time highs, even after Tesla CEO and dog-related crypto enthusiast Elon Musk announced on Sunday that he does not own any of the world’s second-largest dog-related coin. Musk replied “none.”

What is Elon crypto coin?

Dogecoin
Billionaire Elon Musk, who was named as Time magazine’s Person of the Year for 2021, said cryptocurrency Dogecoin is better for transactions as compared to Bitcoin. Musk, known for his cryptocurrency endorsements, had in October, reiterated his holdings which are limited to Bitcoin, Ethereum and Dogecoin.

Why did Elon Musk change his Twitter display picture?

Elon Musk has changed his Twitter display picture (DP), otherwise known as a profile photo, a character from a Japanese site wearing a Bitcoin dress and posed on the foreground of a $BTC logo. The character has “Triggered” eyes. Currently, there are no explanations as to why the CEO did it.

Do Elon Musk’s Twitter tweets affect Bitcoin and crypto prices?

Not all of Musk’s Bitcoin and crypto tweets have a positive impact on prices. His December 20, 2020 tweets “Bitcoin is my safe word” and “Bitcoin is almost as bs as fiat money” were followed by a roughly 1.7\% decline in the price of Bitcoin, with no measurable change in trading volume. Elon Musk’s Twitter impact on Bitcoin

How did Elon Musk’s bio change affect bitcoin trading?

Trading for Bitcoin in the hours leading up to Musk’s bio change was averaging below 5,000 trades per hour. In the 60 minutes following the bio change, trading jumped to more than 20,000 trades before coming back down closer to its normal trading range.