Tesla CEO Elon Musk states that he will become the world’s first Dogecoin trillionaire. According to a recent prediction by a Morgan Stanley analyst, the SpaceX founder is on his way to becoming the world’s first trillionaire with his relentless amassing of wealth.
A Twitter account called UberFacts tweeted this forecast. Amusingly, the Tesla CEO responded to the tweet, specifying that he would be a Dogecoin trillionaire. With that reply, he sent the Dogecoin price soaring again.
As these days, Musk is currently the most affluent guy worldwide, ahead of Amazon creator Jeff Bezos, who remains in 2nd location. According to the Bloomberg Billionaires Index, he has an estimated net worth of $252 billion. The Bloomberg Billionaires Index is a day-to-day ranking of the world’s wealthiest individuals.
In July, the tech entrepreneur revealed that he owns Bitcoin, Dogecoin, and Ether.
Elon Musk and Dogecoin
Musk’s net worth has actually increased due to the fact that of Tesla, whose stock cost has actually kept increasing over the months. On Friday, the company’s shares rose to a new high above $900/share. With his present net worth, he deserves more than the whole Gross Domestic Product (GDP) of New Zealand.
On Friday, Twitter account @UberFacts reported the prediction from Morgan Stanley.
Elon then responded straight to the tweet concurring that he would be a trillionaire, however in Dogecoin.
In typical fashion, Musk’s mention of Dogecoin in the tweet resulted in the coin’s price rallying by almost 6% in just an hour. At the time of composing, Dogecoin is trading at $0.247.
In July, Musk revealed that he owns Bitcoin, Ethereum, and Dogecoin. However, he has actually constantly published memes about Dogecoin in specific and is continuously weighing in on the meme coin.
In May, the SpaceX founder announced that in 2022, SpaceX will launch a moon mission funded by Dogecoin. He stated this is the very first time that cryptocurrency will be utilized in area, which it will likewise be the first meme utilized in area.
SpaceX Founder’s Net Worth Prediction
According to the Guardian, analysts at investment bank Morgan Stanley have predicted that Elon Musk will become the first trillionaire in the world.
Forbes states that the tech business owner is working to transform transport both on Earth, through electrical vehicle maker Tesla, and in area, by means of rocket manufacturer SpaceX.
A Morgan Stanley analyst says that he could make much more money from his space exploration business SpaceX than he has made from Tesla.
The expert Adam Jonas stated that SpaceX was “challenging any preconceived notion of what was possible and the timeframe possible, in terms of rockets, launch vehicles and supporting infrastructure”.
He added: “More than one client has told us if Elon Musk were to become the first trillionaire … it won’t be because of Tesla. Others have said SpaceX may eventually be the most highly valued company in the world – in any industry.”
Jonas approximates that the privately-held SpaceX, valued at $100bn this month, might be worth $200bn and much more. It is presently the world’s second-biggest privately held company, after the internet firm ByteDance. The SpaceX creator owns approximately 48% of the business.
It remains to be seen if these predictions about the Tesla CEO will come to pass.
