Dear SEC (not the football conference, but if they could help, then sure),

I guarantee that if I owned a company and then constantly pumped it online and told people it was going to make massive returns for them even though I knew it was a fake, crap company, I would be breaking the law.

If, after people did buy shares of it, I sold all of it at record highs while leaving everyone else broke, I would be going to jail.

So, please tell me why the rich/drug addict/serial liar/con artist gets to do this with his fake crap coin company and nothing happens to him.

Love & Bacon
Enty

Elon Musk

Dogecoin

Dogecoin extends record-shattering weekly gain to 520% after another inscrutable tweet from Elon Musk

Dogecoin spiked more than 200% on Friday to a record high after Elon Musk tweeted another inscrutable message that appeared to reference the meme currency.

At 12:33 a.m. ET on Friday, the Tesla CEO and SpaceX founder published a tweet to his 51 million followers saying “Doge Barking at the Moon.” Attached was a photo of a creature that resembles a dog staring at an object that resembles a moon.

The caption of the billionaire executive is a version of the “to the moon” slang dogecoin bulls use in reference to the astronomical rise in dogecoin’s price.

Dogecoin hit a 24-hour high of $0.43 around 9:45 a.m. ET and was trading at $0.38 as of 10:35 a.m. ET, according to data from Coinbase.

For the week, the price of the token portrayed by a Shiba Inu dog has skyrocketed 520%.

“The Dogecoin rally once again defies all expectations,” Konstantin Boyko-Romanovsky, CEO and founder of Allnodes, a non-custodial service provider, told Insider. “It feels like a black swan event on the crypto market because of how unpredictable it is. A market correction should follow this type of sudden gain.”

Some experts have expressed concern about a bubble waiting to burst. Freetrade analyst David Kimberley said the latest uptick is not indicative of any “meaningful value the cryptocurrency offers” but rather “just a surge in interest from people looking to get rich quick.”

“When everyone is doing this, the bubble eventually has to burst and you’re going to be left short-changed if you don’t get out in time. And it’s almost impossible to say when that’s going to happen,” he said. “And if you’re the one left holding on to the coins when the market tanks, you may regret taking a punt in the first place.” – Source

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