“How does a man have all this power”

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Elon Musk rose to prominence as an entrepreneur, eccentric personality, crypto investor as well as a co-owner and big supporter of power turned token, Dogecoin. He continues to continue to educate people about the wonders and dangers of crypto.

Let’s take a look at the history of Elon Musk and crypto, especially with Dogecoin.

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Behind the scenes …

Elon has been involved in many different projects – some that have been successful and others that look promising for the future. He’s also known as an influencer in What’s Hot and What’s Not, due to his power within social media and mainstream. Tesla owners quickly established brand loyalty at Apple level.

Musk tweeted to one person and affected the way people invest in high volumes. He currently holds the positions of Co-Founder, CEO and / or Chief Designer at SpaceX, Tesla, OpenAI, Neuralink and The Boring Company. These innovative companies span a wide range of verticals, from AI and infrastructure, to aerospace, electric vehicle manufacturing and neurotechnology. Musk was among the early days of online payment with his hand to find Paypal, one of the first online transaction companies. One project that Elon played a role in growing is Dogecoin.

Latest price action on Doge coin: Doge-USD on TradingView.com

In April 2019, Elon Musk mentioned Dogecoin and his interest in being a doge-head, he said: “Dogecoin could be my favorite cryptocurrency. It’s really cool. ”The coin’s price went from $ 0.002 on April 1 to $ 0.004 on April 4. Musk continued to tweet about DOGE and even included other celebrities like Snoop Dogg.

Musk is known for his recent take on bitcoin, having been a holder of it – he exposed the threats and damage to the earth caused by bitcoin mining. These tweets sparked controversy as well as its in and out play with crypto fears. Some may say that Musk was partly responsible for the 20% drop that Bitcoin suffered, as well as the rise and fall of Dogecoin after it appeared at SNL. One thing we’ve learned from Trump’s presidency is the impact social media can have on the public today, and Elon has proven that theory to be correct. The way he has used social media as a tool to influence the way people see things is amazing.

While part of it could be due to chance, if you look at the impact over time, it’s clear that Elon used Twitter and wielded influence that impacted the cryptocurrency. His follow-up has shown that celebrities can play a role in exposing these projects to the mainstream world to move crypto forward. Your mileage may vary.

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