{"id":111764,"date":"2021-02-07T19:40:21","date_gmt":"2021-02-07T19:40:21","guid":{"rendered":"https:\/\/precoinnews.com\/?p=111764"},"modified":"2021-02-07T19:40:21","modified_gmt":"2021-02-07T19:40:21","slug":"elon-musk-returns-to-promoting-dogecoin-removes-bitcoin-from-twitter-bio","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/elon-musk-returns-to-promoting-dogecoin-removes-bitcoin-from-twitter-bio\/","title":{"rendered":"Elon Musk Returns to Promoting Dogecoin, Removes #Bitcoin from Twitter Bio"},"content":{"rendered":"

Elon Musk is back at it again. This time around, he\u2019s back to his old habits of pushing Dogecoin, calling it \u201cthe people\u2019s coin\u201d in a recent tweet and pledging enough support for the asset that it has risen by about 75 percent in the last 24 hours alone.<\/p>\n

Elon Musk Calls Dogecoin the “People’s Coin”<\/h2>\n

Musk is one of the most confusing figures in the cryptocurrency arena. As the CEO of both Tesla and SpaceX, no doubt the South African entrepreneur has a good handle on technology, but he seems to go back and forth on crypto quite a bit, which has raised a few eyebrows from both his competitors and fans alike.<\/p>\n

For example, just last week Musk was caught on Twitter touting bitcoin, saying that he was a huge fan and that he was \u201clate to the party.\u201d However, he was quick to mention that he thought it was a \u201cgood thing\u201d and that it was on the verge of obtaining \u201cwidespread acceptance.\u201d Musk even went so far as to add #bitcoin to his Twitter bio, which ultimately caused the asset to spike from around $32,000 to just over $34,000 shortly after.<\/p>\n

But this is just one of a few times in which Musk has been kind to the world\u2019s number one digital currency by market cap. In the past, he\u2019s been quite critical of the currency, commenting that it was as \u201cbs as fiat.\u201d He has now removed the bitcoin hashtag from his Twitter account and is back to promoting Dogecoin, a joke currency he was once slated to lead as the new CEO. Clearly, Musk\u2019s loyalty to bitcoin didn\u2019t last long.<\/p>\n

His latest social media message that\u2019s got everyone talking and Dogecoin jumping like it never has before reads as follows:<\/p>\n

\n

No highs, no lows, only Doge.<\/p>\n<\/blockquote>\n

He further stated that while he often jokes and takes jabs at Dogecoin, there is nothing but respect in the long run, writing:<\/p>\n

\n

Occasionally, I make jokes about Dogecoin, but they are really meant to be jokes. Dogecoin was made as a joke to make fun of crypto, but fate loves irony\u2026 The most entertaining outcome would be that Dogecoin becomes the currency of Earth in the future.<\/p>\n<\/blockquote>\n

Watching His Words<\/h2>\n

In the long run, Musk is being careful about what he states regarding the status of Doge or any other cryptocurrency for that matter. He acknowledged that his words have a huge impact on where certain assets move in the future, explaining:<\/p>\n

\n

I have to be careful with what I say.<\/p>\n<\/blockquote>\n

His verbiage has landed him in tough positions before. In 2019, for example, he got the stink eye from the Securities and Exchange Commission (SEC) after issuing a tweet that discussed both Tesla\u2019s production numbers and financial balances, something he wasn\u2019t permitted to do without the agency\u2019s say so.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk is back at it again.<\/p>\n","protected":false},"author":3,"featured_media":111763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"yoast_head":"\nElon Musk Returns to Promoting Dogecoin, Removes #Bitcoin from Twitter Bio - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/altcoins\/elon-musk-returns-to-promoting-dogecoin-removes-bitcoin-from-twitter-bio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk Returns to Promoting Dogecoin, Removes #Bitcoin from Twitter Bio - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Elon Musk is back at it again.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/altcoins\/elon-musk-returns-to-promoting-dogecoin-removes-bitcoin-from-twitter-bio\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-07T19:40:21+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/ccryptafotoshutterstock_235457539-elon-musk.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/altcoins\/elon-musk-returns-to-promoting-dogecoin-removes-bitcoin-from-twitter-bio\/\",\"url\":\"https:\/\/precoinnews.com\/altcoins\/elon-musk-returns-to-promoting-dogecoin-removes-bitcoin-from-twitter-bio\/\",\"name\":\"Elon Musk Returns to Promoting Dogecoin, Removes #Bitcoin from Twitter Bio - 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