Curiously, in April 2021, Elon Musk did a similar thing prior to his debut on the Saturday Night Live show. The centibillionaire then called himself This pushed the Dogecoin price up significantly, and after Musk’s debut as an SNL anchor, the original meme cryptocurrency, DOGE, surged to an all-time high of $0.7376 on May 8.
At the time of this writing, Dogecoin is changing hands at $0.07828, trading almost 90% below the historic peak reached in 2021. A month before that, on April 14, the Bitcoin price jumped to a historic high of $64,800, also thanks to Elon Musk.
In February of the same year, Musk shocked the cryptocurrency community with his announcement that Tesla had purchased $1.5 billion worth of Bitcoin and put it on the company’s balance sheet. Aside from that, Tesla started selling its electric automobiles for BTC. A few months later, however, Musk dropped Bitcoin as a payment option over controversial fears that Bitcoin mining is harmful to the environment.
He stated that the company will resume accepting BTC for its e-cars as soon as miners begin drawing at least 50% of energy for Bitcoin minting from renewable sources. This milestone was achieved later that year, however, Tesla never again started accepting Bitcoin payments.
Earlier today, the flagship cryptocurrency surged by more than 9%, breaking above the $47,000 level.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
