Nov. 23, 2021, at 8:06 a.m.
Is Elon Musk CEO Dogecoin?
Musk last year said that he and his rocket company, Space Exploration Technologies Corp., or SpaceX, hold bitcoin. The billionaire chief executive said he also owns ethereum and dogecoin, other cryptocurrencies, though those holdings are worth less than his bitcoin stake.
Who is owner of Dogecoin?
Billy Markus, the co-founder of meme cryptocurrency Dogecoin has asked supporters to “stay cool” amid the cryptocurrency failing to gain any significant traction since January 2022.
Does Elon Musk actually support Dogecoin?
The Tesla CEO is a staunch supporter of Dogecoin. This became clear after a recent Twitter spat between Musk and Binance CEO Changpeng Zhao. The billionaire investor and founder of SpaceX raised concerns on behalf of Dogecoin holders regarding the recent DOGE problem at cryptocurrency exchange Binance.
Who is responsible for Dogecoin?
Dogecoin was created by software engineers Jackson Palmer and Billy Markus in 2013 following the quick rise in Bitcoin prices. The “altcoin” was designed in about two hours in 2013. The creators based it on the Doge meme, a Shiba Inu dog who speaks in broken English.
Will Tesla start accepting Dogecoin?
Electric carmaker Tesla, Inc. (TSLA) has begun accepting the Dogecoin (DOGE) cryptocurrency for certain merchandise on its website. The company’s CEO Elon Musk made the announcement on Twitter early Friday, Jan. 14,1 after teasing the possibility toward the end of 2021.
Can Dogecoin be like Bitcoin?
It was created as a fun alternative to Bitcoin. The Shiba Inu dog on the Dogecoin logo became a popular internet meme. Tweets and support from Elon Musk contributed heavily to Dogecoin’s popularity. Musk personally owns Dogecoin as well as Bitcoin and Ethereum ( ETH 0.94% ).
Why did Elon Musk buy Dogecoin?
Elon Musk reveals reasons behind support for Dogecoin
“Fundamentally, Bitcoin is not a good substitute for transactional currency,” Musk said. “Even though it was created as a silly joke, Dogecoin is better suited for transactions. The transaction volume of Bitcoin is low, and the cost per transaction is high.”
Is DOGE a legit crypto?
Despite its lighthearted nature, it’s one of the legitimate alternatives to Bitcoin and has outperformed many of the digital currencies. They have also used the famous Shiba Inus dog, “Doge” from the memes as their mascot, not only to look friendly and hilarious but to impose an image that can be remembered easily.
What did Musk say about Dogecoin?
Tesla CEO Elon Musk believes that even though Dogecoin was created as a silly joke, it is much better suited for transactions than Bitcoin. In a recent interview with TIME magazine, after being named TIME’s Person of the year, he said, “Fundamentally, Bitcoin is not a good substitute for transactional currency.”
Who got rich from crypto?
Is Dogecoin worth investing?
“The coin becomes a good bet for investors if it has value,” he added. Market experts say that meme coins are more of speculative bets, but should not be treated as an investment. Crypto coins such as Dogecoin are inflationary coins with an unlimited supply.
Who is the largest owner of Dogecoin?
The top account, with the address ‘DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L’, currently holds 36,711,943,025 DOGE – or 28.28% of all Dogecoin. This has a value of over $13.65 billion at the time of writing.