The pump and dump celebrity CEO is just pumping his favorite crypto right now.

At a party this weekend he said that if he could get the coin to bitcoin levels, he would be the first trillionaire.

He said he wants that on his gravestone.

Oh, in other news, he got another woman pregnant.

Elon Musk

Dogecoin

What Is Dogecoin and Why Is Elon Musk So Interested In It?

Digital currencies have started to dominate the financial news cycle in recent years. However, while the vast majority of investors and media reports talk about Bitcoin, other cryptocurrencies have also gained traction and popularity.

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In its early days, Dogecoin successfully branded itself as a fun and community-focused cryptocurrency. From sponsoring a NASCAR driver in 2014 to building wells in Africa, the community boasts a rich history of philanthropy.

For several years, Dogecoin was predominantly used to tip other users on social media websites such as Reddit and Twitter. Another set of users also used the token in exchange for tangible goods and services.

In 2014, a 27-year-old entrepreneur offered his Wisconsin vacation home in exchange for Dogecoin after receiving no compelling offers for several months. He listed the property for 100 million Dogecoins, valued at approximately $135,000 at the time. That same year, a group of Dogecoin users banded together to donate 27 million Dogecoins to sponsor the Jamaican bobsled team’s travel to the Winter Olympics in Sochi, Russia.

Like many other digital currencies, Dogecoin found considerable price momentum during the 2017 market rally. By January 7, 2018, the cryptocurrency had reached a market cap of $2 billion.

For a few years following that milestone, Dogecoin’s valuation stayed relatively stagnant. Then, in 2020, its price began soaring once again. In the past, Dogecoin’s rallies have been fueled almost entirely by online memes and jokes. However, this time, Elon Musk and a handful of other noteworthy personalities took a newfound interest in the token.

At the start of 2020, each token traded at approximately $0.002. By January 29, 2021, the token had reached an all-time high of $0.08—representing a 4,000% gain over 13 months. The buying frenzy even brought the token to the list of top 10 cryptocurrencies by market capitalization. – Source

How Elon Musk Lost $30 Billion Overnight As Tesla Stock And Bitcoin Crater

Elon Musk’s run as the richest man on earth has ended. Tesla’s months-long stratospheric stock rally seems to be coming to an end. After tumbling 6 percent, the largest single-day drop in six months, on Monday, the electric carmaker’s shares slid another 10 percent Tuesday morning as the sell-off worsened, erasing $30 billion from its founder Musk’s net worth on paper overnight.

Tesla’s epic losses were, on the surface, driven by a broad downturn of tech stocks (NASDAQ fell 2 percent on Monday and opened another 2 percent Tuesday morning). But a bigger force, according to Tesla analysts, is Bitcoin, whose dollar value recently hit an all-time high partly thanks to Musk’s public endorsement. – Source

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