American billionaire and Tesla founder Elon Musk has again caused changes in the digital money market. In his Twitter he wrote that he bought Dogecoin for his youngest son. As a result, there was a jump in the rate of the cryptocurrency he mentioned from $ 0.06 to $ 0.08.
“Bought some Dogecoin for little X so he could be a toddler hodler,” wrote the entrepreneur. Hodlers are cryptocurrency investors who adhere to a “buy and hold” investment strategy, that is, they keep funds regardless of the market situation.
Musk has previously supported Dogecoin, which he called his favorite cryptocurrency. For example, in early February on his Twitter, he posted a screenshot from the cartoon “The Lion King”, but instead of the shaman-monkey Rafika, his photograph was photographed there, and the Dogecoin logo was in place of the face of Simba the lion cub. “Dogecoin is a popular cryptocurrency,” the billionaire later added. As a result, the cryptocurrency rose 58 percent – from $ 0.03 to $ 0.05.
The most popular cryptocurrency, bitcoin, also turned out to be dependent on Musk’s actions. After Tesla announced the purchase of a $ 1.5 billion cryptocurrency, the price of bitcoin broke a historic record, exceeding $ 48,000 per coin. Tesla investors, although they were satisfied with such a purchase, indicated that no one had warned them about this and now intend to talk to Musk and limit the amount that can be invested in bitcoins.