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Elon Musk : How Big is the Influence of the Richest Man in the World?

Diperbarui: 17 Mei 2021

Recently, the billionaire Tesla and SpaceX CEO, Elon Musk, are talking about cryptocurrencies.

On the 13th May, Musk said that Tesla company no longer accepts bitcoin as a transaction tool for car purchases on the grounds that it can harm the environment. This led to a drastic drop in the price of bitcoin by 12% right after Musk's tweet. He also added that Tesla is looking for alternatives to other cryptocurrencies that use less than 1% of the energy required by bitcoin per transaction.

On the next day, which was 14th May, Musk tweeted again that Tesla is working with Dogecoin developers or developers to improve the efficiency of these cryptocurrencies transactions. Dogecoin price rebounded. Bitcoin, whose initial price was US $ 0.52 per chip, or Rp. 7,540, has now increased by 25.9%.

With these two tweets from Elon Musk, you can see quite drastic price fluctuations. Dogecoin, which was initially underestimated by bitcoin supporters, was once even seen as a joke inspired by the 'Doge' meme, is now considered a speculative asset that has the potential to bubble up in the crypto market.

The community of Dogecoin lovers is growing. Now Dogecoin is the fourth largest cryptocurrency based on CoinMarketCap which is valued at over US $ 68 billion.

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