The real-life Tony Stark – Elon Musk trolled the crypto community yet again by tweeting about Dogecoin.

This tweet followed after the controversial Twitter Bitcoin scam took place a few days ago. Few Twitter accounts belong to world-famous icons got hacked by scammers and used them to steal Bitcoins.

The CEO of Tesla and SpaceX, Elon Musk tweeted with a sarcastic tweet about cryptocurrency Dogecoin (DOGE) with a meme. Musk did this a few times over the past months, posting humorous posts trolling the crypto and Bitcoin (BTC) communities.

In his most recent tweet, he tweeted that “it’s inevitable.” The image followed by the tweet showed the global financial system overshadowing by the “dogecoin standard” as a result.

Dogecoin meme by Elon Musk. Source: Twitter (Elon Musk)

Musk also replied to a sarcastic tweet by one of the tweeters who lost Bitcoin because of the scam. He wrote:

“Excuse me, I only sell Doge!”

Doge coin price increased by 14% for the day. Source: TradingView.com

Being a cryptocurrency that has relatively low liquidity, Doge is vulnerable for short-term pumps and dumps. With Musk’s Tweet about Doge going viral Dogecoin’s price rose from $0.003052 to $0.003433. This is an approximately 14% increase in price during a very short time. However, it is unclear the price increase is due to the tweet or not.

Elon Musk Continuous Entertainment for Crypto Community

The meme-based cryptocurrency’s volume rose more than 2000% with the recently viral campaign by Chinese social media network TikTok. Social media platform users started posting videos about Doge which gained thousands of views. This lead coin’s value to rise from $0.0023 to $0.005 within three days.

In April 2019 Elon Musk tweeted that Dogecoin is his favorite coin.
“Dogecoin might be my fav cryptocurrency. It’s pretty cool.”

A tweeter poll to make Musk the CEO of Dogecoin took place in mid-2019. Elon Musk won the poll and this made him even write more funny jokes about cryptocurrencies.

As a response to J.K Rowling’s tweet about Bitcoin, he wrote:

“Pretty much, although massive currency issuance by govt central banks is making Bitcoin Internet money look solid by comparison.”

Musk also wrote that he owns some Bitcoins.

“I still only own 0.25 Bitcoins btw.”

With occasional funny tweets like this Elon Musk seems to be enjoying entertaining the crypto community. It is unclear yet that he is a serious investor in cryptocurrencies or not. However, as an asset that is in the early phase of growth, cryptocurrencies can benefit from all the attention that these kinds of incidents bring.

What is your idea on Elon’s approach to Cryptocurrencies and the community? Leave a comment on the comments section below.

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