Elon Musk waits 14 minutes on SNL to plug in Dogecoin which then sees the price drop – fr

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Elon Musk waits 14 minutes on SNL to plug in Dogecoin which then sees the price drop – fr


Elon Musk waited 14 minutes after his Saturday Night Live debut to plug in Dogecoin and the price immediately plummeted.
Tesla and SpaceXCEO are one of the biggest fans of the cryptocurrency, which was created as a parody, and regularly tweet about it.

And the tech mogul didn’t disappoint his fans by using Dogecoin as a joke in his opening monologue.

Musk raised his mother, Maye, to wish her a Happy Mother’s Day.

“I am delighted for my Mother’s Day gift. I just hope it’s not Dogecoin, ”she told her billionaire son.

” It is. It sure is, ”Musk laughed, with a beaming smile on his face.

The price of Dogecoin was around $ 0.70 before Musk started hosting the show, but after the mention it fell 24% to $ 0.49.

The price of Dogecoin has risen significantly over the past month after it was only $ 0.05 in April. Musk made up “The Dogefather” on Twitter.

According to Bloomberg, Dogecoin traders would have been willing to watch SNL to see if its appearance would be a market milestone.

During SNL’s Weekend Update segment, Musk appeared as the show’s financial expert Lloyd Ostertag and was asked to explain exactly what Dogecoin is.

“Thanks Michael, call me The Dogefather,” Musk tells Michael Che.

“It (Dogecoin) started out as an internet meme-based joke, but now it’s taken off in a very real way,” Musk explained.

Che then repeatedly asked Musk what it really was, even taking a dollar bill from his pocket and waving it at Musk, asking if the cryptocurrency was even real.

“It’s about as real as that dollar,” Musk said.

Colin Jost stepped into the action, also asking what Dogecoin actually was.

“It’s the future of money, it’s an unstoppable financial vehicle that’s going to take over the world,” Musk said.

And when he explained that crypto can be traded for cash, Che said, “Oh, that’s a fuss.”

“Yeah, that’s a fuss,” Musk said with a laugh, shouting the Dodgecoin phrase of “to the moon.” “

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