On dogecoin and cryptic messages: To tweet the way Elon Musk does

Elon Musk’s tweet is the most recent in a long line of cryptocurrency posts and market interventions he has made through 2021.

Tesla Inc revealed earlier this year that it had purchased $1.5 billion in bitcoin, while company chief executive Musk stated that his rocket company SpaceX would “put a literal dogecoin on the literal moon.”

“Lil X is hodling (a crypto twist on the word “holding”) his doge like a champ,” Musk replied to a meme posted by a Musk and dogecoin fan account. “Literally never said the word ‘sell’ even once!”

The billionaire’s cryptic tweets 

Tesla’s top boss said that he bought his son (whose name is X Æ A-12), dogecoin “so he can be a toddler hodler” — admitting he also holds dogecoin himself but didn’t elaborate how much.

And as expected, the Doge-touting Tesla billionaire has boosted the price of the meme-based cryptocurrency, from a 75% drop from its April peak that has “climbed off lows of under 17 cents” this week following Musk’s tweet.

To tweet as Elon does

Meanwhile, Michi Lumin, a core developer for the cryptocurrency dogecoin, joked about the need to tweet cryptic and ambiguous messages in the hope that people will interpret them as code, meaningful, and mysterious. To tweet the way Elon Musk does.

That may have been enough for Musk to respond in the same way that Lumin suggested. The SpaceX and Tesla CEO simply tweeted back with numbers: “48 61 68 61 20 74 72 75 65.”

Subtle moves by Musk

Musk may not have the (same) power to move markets as much as he did a few months ago, but his actions can still have a significant impact.

He recently changed his Twitter profile picture to a headshot with DOGE reflected in his sunglasses.

Although not as much as it would be months ago, dogecoin still got a 10% boost in price as a result of the profile pic change.

 

Image courtesy of Cointelegraph News/YouTube

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