elon musk
\n<\/h3>\n
Twitter finance chief says company might invest in bitcoin
\n<\/h2>\n
Man launches GoFundMe to send flat-Earther into space
\n<\/h2>\n
Elon Musk says Starlink will go public once cash flow is predictable
\n<\/h2>\n
Dogecoin hits new high as Snoop Dogg, Gene Simmons join crypto craze
\n<\/h2>\n
Elon Musk drove up the price of Dogecoin yet again Wednesday by claiming he bought some of the cult cryptocurrency for his infant son, X \u00c6 A-Xii.<\/p>\n
“Bought some Dogecoin for lil X, so he can be a toddler hodler,” the billionaire Tesla CEO tweeted at 10:08 a.m., using an intentionally misspelled slang term for someone who holds cryptocurrency instead of selling.<\/p>\n
Dogecoin’s price started to climb one minute after Musk’s Twitter post and topped 8 cents before paring the gains, according to CoinDesk data.<\/p>\n
The coin \u2014 which started as a joke and was inspired by an internet meme \u2014 was recently trading at about 7.5 cents, up roughly 4 percent from a day earlier.<\/p>\n
Musk did not reveal how much Dogecoin he bought for his 9-month-old son, whose mother is the electronic musician Grimes. Musk also didn’t say whether he owns any Dogecoin himself.<\/p>\n
Musk’s tweets have caused Dogecoin to spike several times in recent months, helping it gain broader attention and become one of the most valuable cryptocurrencies on the market.<\/p>\n
The SpaceX founder has said that his Dogecoin posts are meant to be jokes. But he is a fan of Bitcoin, as evidenced by Tesla’s Monday announcement that it had bought $1.5 billion worth of the world’s biggest cryptocurrency.<\/p>\n