Tesla CEO Elon Musk has shared a dogecoin video on Twitter in a conversation about bitcoin mining on April 1. He says, “this video explains everything.”
Elon Musk shares a Dogecoin video
On April 1, Tesla and Spacex CEO Elon Musk shared a video about the cryptocurrency dogecoin meme (DOGE) in response to a tweet about bitcoin from Brett Winton, chief research officer of Ark Invest.
In the tweet, Winton quoted a conversation about bitcoin mining where he seems to be having difficulty explaining to his mom on April Fools’ Day that bitcoin miners are computers. Replying with a meme video titled “Ð is for Ðogecoin” on the same day, Musk wrote: “Just show her this video explains everything.”
The short video features the mascot DOGE on a trip to the moon. The shiba inu on a rocket overtook bitcoin and other major cryptocurrencies as the price of DOGE soared.
Winton replied to Musk: “A meme too far for her I’m afraid. (On the other hand, my 5-year-old is now frantically agitating to set up a Coinbase account).”
Dogecoin co-creator Billy Markus commented on Musk’s tweet, saying the meme video is the “best cryptocurrency video ever.”
Musk shared this particular video on Twitter before, including on Feb. 7 last year when he tweeted: “Ð is for Ðogecoin! Instructional video.”
The DOGE community is thrilled that Musk has tweeted about his favorite cryptocurrency again. They have long called the Tesla CEO “the Dogefather” and appreciated that he sent the price of dogecoin higher with his tweets.
Dogecoin, the 12th largest cryptocurrency by market cap, is trading at $0.1431 per coin at the time of writing, based on data from Bitcoin.com Markets. However, Musk’s latest DOGE tweet did not move the market much. The meme coin was hovering around $0.1420 when he tweeted.
Musk confirmed in March that he owned bitcoin, ether and dogecoin, stressing that he would not sell them. Tesla boss thinks dogecoin is the people’s crypto and DOGE is the best cryptocurrency for transactions. Instead, he sees bitcoin as a store of value. His electric car business also accepts DOGE for certain goods.
Below is the video about DOGE shared by Elon Musk.
