Elon Musk has driven the Tesla stock to unbelievable highs in recent years but he has turned his attention to something of even greater significance; Dogecoin.
What is Dogecoin? It’s a cryptocurrency that has been around for many years. It is a joke within the crypto space and a meme people like to toss around when things are getting bullish in the industry.
Recently, TikTok users made Dogecoin videos that went viral and made the coin skyrocket in value. Elon Musk no doubt saw these headlines.
A user on Twitter asked Musk, “Where is my Bitcoin?” He was referring to the Bitcoin hack where a number of world leaders and business leaders, including Musk, were hacked into asking for Bitcoin donations. To that Musk replied ‘Excuse me, I only sell Doge!’
Now he decided to tweet ‘it’s inevitable’ with the meme of Dogecoin taking over the entire global financial system.
What does this all mean? Well, it means that if you own the Dogecoin you’ve seen the value skyrocket. It also means that Elon Musk has a grasp of both meme culture and crypto meme culture, despite the fact that he admits to owning very little of it.
Outside of that, it actually means nothing. Bitcoin made news by being part of an elaborate scam or diversion from one of the biggest known social media hacks in history and Elon responded by making jokes about Dogecoin.
If none of this makes any sense to you, it’s time to catch up because you are living in 2012.