As The Bitcoin Price Blasts Through $60,000, Tesla Billionaire Elon Musk Is More Concerned With ‘Joke’ Bitcoin Rival Dogecoin – Forbes
As The Bitcoin Price Blasts Through $60,000, Tesla Billionaire Elon Musk Is More Concerned With ‘Joke’ Bitcoin Rival Dogecoin – Forbes
Bitcoin has broken through $60,000 amid a huge bull run partly fueled by Tesla TSLA billionaire Elon Musk —despite warnings from fellow billionaire Bill Gates .
The bitcoin price broke the psychological barrier early Saturday morning, returning to its blistering early-2021 bull market after taking a breather over recent weeks.
Ahead of bitcoin’s surge over $60,000, Tesla chief executive Elon Musk— who has been known to move the bitcoin price with his tweets —called on the popular bitcoin and cryptocurrency exchange Coinbase to support the meme-based dogecoin .
MORE FROM FORBES Ethereum Cofounder Reveals How Radical Upgrade Could Challenge Bitcoin For Crypto Price Dominance By Billy Bambrough “Do you think Coinbase should enable dogecoin on their platform,” a Twitter user asked in response to Musk tweeting: “BTC (bitcoin) is an anagram of TBC (The Boring Company). What a coincidence!”
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The San Francisco-based Coinbase, set to go public in a blockbuster $100 billion listing, currently supports 49 different cryptocurrencies to varying degrees but has so far declined to list the Shiba Inu-inspired dogecoin.
“Why are you so dogematic, they ask,” Musk later tweeted , adding: “I’m getting a Shiba Inu.”
Interest in dogecoin has exploded as bitcoin, by far the biggest cryptocurrency with a total value of around $1.1 trillion after its latest surge, has climbed thanks to a combination of Wall Street institutional adoption , corporate interest , and retail traders piling into the market .
MORE FROM FORBES Doge King: One Cryptocurrency Account Revealed To Hold 36 Billion Dogecoin-Worth Over $2 Billion By Billy Bambrough Elon Musk’s Tesla set the bitcoin and cryptocurrency market alight when it revealed it had bought $1.5 billion worth of bitcoin last month.
Dogecoin, a 2013 clone of bitcoin that was described as a “joke” by its creator soared at the beginning of February, climbing to a total value of over $10 billion thanks to a meme-based campaign that counted the likes of billionaire tech investor Mark Cuban, rockstars and YouTubers among its supporters.
However, Musk, who was voted dogecoin CEO in a 2019 Twitter poll, has previously said all of his dogecoin-related tweets are not meant to be taken seriously.
“Occasionally I make jokes about dogecoin, but they are really meant to be jokes,” Musk said last month , speaking during an interview on the invite-only chat app Clubhouse.
