/https://specials-images.forbesimg.com/imageserve/604d30c42fd16a5914334230/0x0.jpg "With the price of Bitcoin exploding at $ 60,000, Tesla billionaire Elon Musk is more concerned about Bitcoin ‘joke’ Rival Dogecoin")
Bitcoin broke $ 60,000 amid a huge bull race partially powered by Tesla
TSLA
The price of bitcoin broke the psychological barrier on Saturday morning, returning to the bull market of early 2021, after taking a break in recent weeks.
Before the bitcoin increase of more than $ 60,000, Tesla chief executive Elon Musk – who is known for driving the bitcoin price with his tweets – called on the popular bitcoin and cryptocurrency exchange Coinbase to support the dogecoin based on meme.
Tesla Chief Executive Elon Musk has long been a supporter of bitcoin and … [+]
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“Do you think Coinbase should enable dogecoin on its platform?”, A Twitter user He asked in response to Musk’s tweet: “BTC (bitcoin) is an anagram of TBC (The Boring Company). What a coincidence!”
“Yea!” was Musk’s reply. Dogecoin has increased by almost 10% since then, although Musk’s ability to move the price of dogecoin appears to have decreased recently.
San Francisco-based Coinbase, set to go public on a $ 100 billion blockbuster list, currently supports 49 different cryptocurrencies to varying degrees, but has so far refused to list the Shiba Inu-inspired dogecoin.
Interest in dogecoin has exploded as bitcoin, by far the largest cryptocurrency with a total value of around $ 1.1 trillion after its latest increase, has increased thanks to a combination of institutional adoption of Wall Street, corporate interest and traders retailers that accumulate in the market.
The price of dogecoin has increased by almost 10% since Tesla CEO Elon Musk asked for bitcoin and … [+]
Coinbase
Elon Musk’s Tesla set fire to the bitcoin and cryptocurrency market by revealing that it bought $ 1.5 billion in bitcoins last month.
Dogecoin, a 2013 bitcoin clone that was described as a “joke” by its creator, fired in early February, reaching a total value of more than $ 10 billion thanks to a meme-based campaign that featured people like billionaire technology investor Mark Cubanos, rockstars and YouTubers among his supporters.
However, Musk, who was elected CEO of dogecoin in a Twitter poll in 2019, said earlier that all of his dogecoin-related tweets should not be taken seriously.
“Occasionally, I make jokes about dogecoin, but in reality they are meant to be jokes,” said Musk last month, during an interview on the Clubhouse guest-only chat app.