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BTC $41803.23 (-4.6%)
ETH $2900.94 (-6.6%)
USDT $1.00 (-0.0%)
BCH $488.56 (-3.6%)
BSV $128.66 (-1.2%)
LTC $145.98 (-4.3%)
BNB $337.51 (-3.7%)
ADA $2.11 (-5.1%)
DOGE $0.20 (-3.0%)

Dogecoin Surges After Controversial Elon Musk Tweet on BTC

Dogecoin Surges After Controversial Elon Musk Tweet on BTC
  • Elon Musk’s Twitter page is possibly hacked again.
  • Bitcoin is accused of being a worthless distraction.
  • Dogecoin is claimed to be a better investment.

A couple of hours ago, Elon Musk’s Twitter account sent tweets dragging Bitcoin and promoting Dogecoin. People allege that Elon’s account has been hacked, and that the hackers have used the Tesla executive as their way to voice out their hatred against BTC.

Twitter account hacks seem to be a norm these days, with celebrities being hacked more often than not. In fact, Elon Musk’s Twitter account seems to be taking the brunt of these attacks.

His first tweet called Bitcoin a distraction and later on, deemed Dogecoin a more worthy cryptocurrency. Specifically, he compared BTC to be almost as worthless as fiat money. While Elon Musk has admitted to owning Bitcoin, he has yet to officially confirm if these tweets are real or not.

DOGE/TetherUS (Source: TradingView)
DOGE/TetherUS (Source: TradingView)

Previously, Elon’s account has already been used by hackers to support DOGE. As a result of his recent tweet, DOGE immediately spiked its price to $0.0047, its highest mark since early July.

At press time, DOGE is changing hands at $0.00441537 according to CoinGecko, with a 39.5% gain in the last seven days.

 

An eager wordsmith who conveys her thoughts and fascinations through words and storytelling. Besides lurking on new and emerging technology forums, she’s always updated when it comes to blockchain.