Elon Musk: “Dogecoin Is My Fav Cryptocurrency”

Elon Musk is in the latest news around Dogecoin on our DC Forecasts crypto news site – calling the altcoin his favorite cryptocurrency.

A month after Musk called Bitcoin “brilliant” he is now lauding one of the whimsical altcoins which started off as a meme – Dogecoin. The Tesla and SpaceX founder tweeted:

“Dogecoin might be my fav cryptocurrency. It’s pretty cool.”

He praised for the meme-inspired asset in response to an April Fool’s Day poll which was posted the day before by the official Dogecoin account, asking who should be the cryptocurrency’s next CEO (which is an absurd notion on its face since crypto projects are supposed to be decentralized). Musk won the poll with 54% on the vote.

As the official Dogecoin account posted once the poll was over:

“Looks like you’re the CEO now @elonmusk, DM us where to email the access codes :-D”

Musk then returned the favor, tweeting about Dogecoin and mentioning the cryptocurrency including one tweet which declared that “Dogecoin rulz” with a meme attached.

In response to this, Jackson Palmer, who is the creator of Dogecoin, tweeted with a parody:

“Am considering selling https://Dogecoin.com for $4.20B. Funding (not yet) secured.”

For the ones who don’t know, this was a reference to an infamous older post from the Tesla CEO which led to a Securities and Exchange Commission action.

So for the ones who don’t get it…
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Last summer, Musk tweeted that he had secured funding to sell his electric car company at $420 per share. This statement proved to be untrue however, costing Musk personally his chairmanship of the company as well as an additional $20 million.

Skeptics who followed Musk’s tendency to troll online took note of the price which is “420” a number that is very familiar code to pot users. This is also why Palmer’s asking price was “$4,2 billion.”