‘Dogecoin Is Money’—Elon Musk Shares Bullish Doge Theory Amid $200 Billion Bitcoin And Crypto Price Rally

  • by:
  • Source: Forbes
  • 07/26/2021
‘Dogecoin Is Money’—Elon Musk Shares Bullish Doge Theory Amid $200 Billion Bitcoin And Crypto Price Rally
OnInnovation Interview: Elon Musk by OnInnovation is licensed under flickr Attribution-NoDerivs 2.0 Generic (CC BY-ND 2.0)
Bitcoin and cryptocurrencies have surged this week after two technology giants signaled their support for crypto (subscribe now to Forbes' CryptoAsset & Blockchain Advisor and discover crypto blockbusters poised for 1,000% gains).

The bitcoin price has added almost 10% over the last week, helped by a hotly-anticipated live discussion on bitcoin and crypto between Tesla billionaire Elon Musk and Twitter's Jack Dorsey—with the meme-based dogecoin and the second-largest cryptocurrency ethereum arguably the event's surprise winners.

Now, as the dogecoin price nears 20 cents per doge token after crashing under the psychological level earlier this month, Musk has shared a dogecoin theory that proclaims the memecoin isn't a speculative asset but rather "dogecoin is money."
OnInnovation Interview: Elon Musk by OnInnovation is licensed under flickr Attribution-NoDerivs 2.0 Generic (CC BY-ND 2.0)

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