Elon Musk Dogecoin
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Elon Musk Says The Dogecoin Hype Was Entirely Fueled By Memes

SpaceX and Tesla CEO Elon Musk made his appearance on invitation-only audio-chat social networking app, Clubhouse to talk about a myriad of topics, and shared his opinion on the hype surrounding Dogecoin.

Touted as one of the world’s richest men, the 49-year-old South African entrepreneur is known for his innovative thinking. Taking to the new invite-only audio streaming site Clubhouse on Jan. 31, Musk talked for over an hour about various topics, including the current Dogecoin hype, and how it seems to be memes helped drive it.

Elon Musk Dogecoin Meme

Musk admitted that he regrets not buying into Bitcoin when it was cheaper in 2013, and that is when the topic of the current crypto called Dogecoin came up. Doge was originally created as a joke in 2013, but it started trending during the Gamestop short-selling saga that made headlines last week as a quick turnaround alternative for savvy investors.

Musk said he is optimistic about cryptocurrencies in terms of changing the financial system, however, he noted that Doge is likely to go only as far as the memes take it. “I’ve got to watch what I say here because these things can really move the market,” he said.

“Occasionally I’ll make jokes/memes about Dogecoin, but they’re just jokes, Dogecoin was literally created as a joke,” he said. Musk attributed Doge’s popularity to memes and social media. Aside from crypto, Musk discussed several other topics during this hour-plus-long stream, including meme culture, Mars, SpaceX, and Tesla.

It remains to be seen whether or not Doge will “go to the moon,” but Musk pointed out that the most ironic and entertaining outcome for the meme coin would be for “Dogecoin to become the currency of Earth in the future.” What do you think about everyone paying for everything in Shiba-Inu covered money? Let us know in the comments section below.

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