Most loved "dog coin" Musk

"The value of the dog currency may vary."

Today, Tesla CEO Elon Musk (Eron Musk) pulled the plate and not only said that Dogecoin is his favorite cryptocurrency, but also changed his Twitter account profile. "Before the dog coin CEO."

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This traditional industry swears a word, so that dog money is once again pushed into the public eye. Affected by high market optimism, the dog's coin rose by about 27% in 24 hours, and the market value ranked 27.

(Source: CoinmarketCap)

Frequent interaction into a bright spot

The "dog currency" that was born in the joke was originally used for tips and tricks on the Internet. However, with the promotion of the ICO (first coin issue), the dog currency has skyrocketed and the market value has risen to 25th. Even the dog coin founder Jackson Palmer is worried about the excessive fanaticism in the market.

However, after experiencing a sharp rise and fall, the dog currency has been silent for a long time. However, Elon Musk has always had a close relationship with dog money.

On September 18, 2018, Elon Musk turned to Jackson Palmer on Twitter for "can help him get rid of the annoying cryptocurrency scammers." Immediately, Jackson Palmer replied that he could provide a script to solve such problems. Then, the two exchanged ideas on how Twitter should solve the problem.

On April Fool's Day, Doraco coined a voting topic that “requires a CEO to lead the dog to the future”, will be the founder of Ethereum Vitalik Buterin, the founder of Litecoin Li Qiwei, Elon Musk and Metal Payment CEO Marshall Sea Nal was included in the candidate, and Elon Musk, who had a very high voice, lived up to expectations and won the vote.

Interestingly, during the interaction between Elon Musk and Doracoin, Jackson Palmer snarled, “I am considering selling the Dogecoin.com website for $4.2 billion, and the deal is not guaranteed.” Last summer, Musk said on Twitter that he received a quote to sell Tesla for $420 a share. This statement proved to be untrue, and eventually Elon Musk lost the position of the company chairman and personally lost $20 million.

Interesting bitcoin

 

In the past two years, emerging assets such as Bitcoin have been the subject of debates around the world, and the outside world has different opinions on its prospects. Elon Musk has said that although he has never purchased cryptocurrency, and only 0.25 bitcoins donated by friends. But he believes that the structure of Bitcoin is very good, and that cryptocurrency bypasses currency control, and banknotes are disappearing. There is no doubt that cryptocurrency is a better way of transferring value than paper money.

However, this does not mean that Elon Musk will currently include cryptocurrency in Tesla's roadmap for development, because in his view, it is not a good choice to invest Tesla's resources in the field of encryption. .

Indeed, due to technical bottlenecks, lack of supervision and other factors, blockchain and cryptocurrency are at an early stage of development, but with the continuous development of the industry, major industries will usher in more blockchains. According to a survey of 1,314 auto industry executives by the IBM Institute for Business Value and Oxford Economics, 62% of auto industry executives believe that blockchain will become in the next two years. Develop a disruptive force in the automotive industry. In fact, BMW, General Motors, and Toyota are currently exploring and arranging blockchains.

Although Tesla has no plans to enter the blockchain or the cryptocurrency industry for the time being, it still cannot rule out that Elon Musk, who does not take the usual path, will have the idea of ​​making a new blueprint. After all, under the huge profit and broad prospects, it seems difficult to come up with reasons for rejection.

Author: Nancy

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