Elon Musk\u2019s child with Canadian musician Claire Elise Boucher, or Grimes, may now be one of the youngest public crypto users on record.<\/p>\n
In a tweet today from the Tesla CEO, Musk said his 9-month-old son is now the proud \u2014 or maybe just fussy \u2014 owner of some Dogecoin (DOGE), referring to him as a “toddler HODLer.” The boy, born last May, is named X \u00c6 A-Xii \u2014 pronounced \u201cex ash eh twelve\u201d \u2014 with the last two syllables an homage to Lockheed\u2019s A-12 aircraft.<\/p>\n
Musk\u2019s recent tweets have likely fueled the price of DOGE since January. The token started 2021 at roughly $0.005 but has since risen more than 1,400% to reach $0.0758 at time of publication. Many of the Tesla CEO\u2019s memes and bullish opinions of DOGE have preceded a price surge.<\/p>\n
However, the world\u2019s second richest man is not the only billionaire who seemingly thinks the token has potential. Dallas Mavericks owner Mark Cuban said on Monday that DOGE is the \u201cbest entertainment bang for your buck available\u201d on the crypto market and doesn\u2019t think it\u2019s a \u201cbad look\u201d for investors to consider it. <\/p>\n
With cryptocurrencies becoming more prominently featured in the news, there are many people under 18 years old interested in how they can legally own Bitcoin (BTC), Ether (ETH), or any number of altcoins. Though it\u2019s illegal for many minors to hold cryptocurrencies on exchanges, parents like Musk can often gift their children digital assets. Cuban has also purchased his 11-year-old son Jake $5 worth of DOGE.<\/p>\n