Elon Musk finally comes out of crypto hiatus

Elon Musk, the billionaire behind companies Tesla and SpaceX, came out of his crypto hiatus after being silent about the nascent digital assets in recent weeks.

The now considered “crypto-villain” broke his silence about cryptocurrencies when he replied to a Twitter post made by Dogecoin co-founder Billy Markus.

Marcus said, “IMO, $DOGE is at its best when it’s funny. Wanting the future world/universe economy to ironically be satirical meme money is a fun story that people can get behind.” He also added that dogecoin’s charm will be ruined if people get too serious or militant about it.

“Keep $DOGE fun and absurd,” the co-founder added.

A brief response by Elon Musk

Musk did not say a lot, or any word for that matter, just responding by simply clicking a beer glass emoji on Twitter.

At first, dogecoin seems to have responded positively to this development, upping its price to $0.28. However, as hours went by, the meme crypto gave up all the gains, sliding further to just above $0.24 at the time of writing, according to tracking from CoinGecko.

Charts for monitoring the price of an asset show the current candle is forming an inverted hammer on the hourly chart at press time, signaling a potential higher turning point.

Musk trolls Twitter CEO

The return of the Tesla top honcho to cryptocurrency posting was also marked by his trolling of Twitter and Square Chief Executive Officer Jack Dorsey.

The social media platform head is in the midst of promoting “The B Word,” essentially an initiative that aims to dismiss myths and false narratives that surround the largest cryptocurrency by market capitalization, bitcoin.

Musk responded to related Twitter posts, seeking to uncover what “B” stood for. The tech billionaire also replied shortly, just saying, “Bicurious?”

 

Image courtesy of Cointelegraph News/YouTube

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