Elon Musk is back in supporting his favorite cryptocurrency: Dogecoin. His tweet comes after billionaire entrepreneur Shark Tank star and Dallas Mavericks owner Mark Cuban called the meme coin the strongest medium of exchange in the cryptocurrency world. Cuban is known as a fan of Dogecoin and he often shows his support on Twitter. But nothing can top the Tesla and SpaceX CEO’s enthusiasm for the virtual currency. Musk agreed with Cuban’s views. Responding to CNBC’s tweet stating, “Mark Cuban says Dogecoin is the ‘strongest’ cryptocurrency as a medium of exchange,” Musk tweeted, “I’ve been saying this for a while.” His point has been made. No one can deter Mr. Musk anymore.
Musk’s tweet has received more than 26,000 likes and 4,000 retweets in just four days. Policy strategist and entrepreneur Erich Reimer answered him with just one word: Should we see it as his support for Dogecoin? Maybe we should.
Bloomberg editor Ed Ludlow replied, “The question is why is it the strongest Elon Musk?”
Billy Markus, the co-creator of Dogecoin, which is said to have started for fun, also responded to Elon Musk’s tweet under the handle Shibetoshi Nakamoto. He wrote, “I also agree with this in a very completely unbiased way.” We see what he did there.
I also agree with this in a very completely unbiased way
— Shibetoshi Nakamoto (@BillyM2k) August 14, 2021
But many laughed at Musk’s ongoing hype about the meme coin.
It’s true, if someone dropped me Doge, I couldn’t trade it for literally anything else soon enough.
— Joel Heyman (@JoelHeyman) August 14, 2021
CJ Wilson, the retired baseball pitcher and entrepreneur, was much stricter.
embarrassed by the lack of math skills for anyone holding this position. doge is worse than USD
— CJ Wilson (@str8edgeracer) August 15, 2021
Other users are pressuring Musk to actively lead Tesla to accept Dogecoin.
Dogecoin supporters seem to be torn about the decision to support or avoid the cryptocurrency lately. Many of them have been quite saddened by the performance – and that of the cryptocurrency market – over the past few weeks. As it is still going through a low phase, supporters often muse about the future implications of their investments. However, the Tesla and SpaceX CEO continues to actively support it with tweets and memes — not to mention his SNL performance as “Dogefather.” The Dogecoin price in India was around Rs. 26.
