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Elon Musk And Dogecoin


B21_ Elon Musk Loves Đogecoin

The question that we'll discuss in this blog post is that , Why is Elon Musk so obsessed about taking DOGECOIN TO THE MOON ? (i.e. increase value drastically).
I think that there could be a variety of reasons behind this , here are some.....

1. Crypto is the Future 

First of all, it is crystal clear that cryptocurrency is the future currency of the earth. This is because, it's much much better than what we use today. As the world is shifting from bank notes and coins to digital payments, cryptocurrency is emerging. Cryptocurrencies are decentralised (i.e. not controlled by any government), untrackable (can't track what transaction is going) and therefore is good for digital privacy. There's no reason not to invest in cryptocurrency, just one drawback.....it's immensely unstable, no one  (I don't care if you are Warren Buffet or Jimmy Buffet) can predict if it's value is going up , down , sideways or in circles. Especially with people like Elon around we can't say what will happen to which crypto coin. Otherwise, investing intelligently in crypto is very lucrative. Cha-ching

Some of the emerging cryptocurrencies are Ethereum, Bitcoin and Dogecoin ofc  
IMO Musk is thinking if crypto is the future Why not Doge ?

2. Elon is meme necromancer

Elon Musk adores memes. Dogecoin was developed by Billy Markus and Jackson Palmer, basically to make fun of cryptocurrency and for this reason they took a famous meme and created a cryptocurrency out of it. 
Little did they know what was going to happen. Ever since dogecoin has caught Elon's attention he has been tweeting about it like an obsessed person , and because of his influence dogecoin value has gone up to an unimaginable extent. Musk is all set to take Doge _ TO THE MOON

In short he is just having fun.

3. He's experimenting 

There can be another reason behind this. He is just experimenting, the affects of his tweets on the market. 
Here are some of his tweets
This man is as unpredictable as Đogecoin itself. He has also bought some Đogecoin for his kid LilX ( sounds like a rappers name , Actual name is X Æ A-12 ) 



4.High Elon 

I think the last and the most plausible reason behind these tweets and obsession of Elon for the meme based Dogecoin is that he is as high as Doge's value. 
This Dogecoin is not stable and due to the influence of people like Elon ,it might even be a bubble so one should not go too far with it.



  
                                                            ~20736


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