Bitcoin, Cryptocurrency

Tesla and SpaceX’s CEO lightens the spirit concerning the recent Bitcoin scams by citing up his “Dogecoin”

It’s been an insane past couple of days on Twitter for the Bitcoin and crypto industry.

The records of Elon Musk, Joe Biden, Kanye West, and other prominent celebrities and names/entities in the digital money expanse were hacked to raised a scam concerning Bitcoin. For those that don’t recall, the cyber hackers posted tweets from these vital level records promising to multiply the deposits of digital currency to an address.

Despite the scammers and hackers still, all over, Tesla CEO Musk is downplaying the situation through the digital currency’s meme coin.

Elon Musk lightens up the mood about the “Bitcoin Scam” by referencing to Dogecoin.

When asked by one of his supporters “where my f**king Bitcoin is”, the prominent entrepreneur just reacted by saying:

“Excuse me, I only sell Doge.”

By Doge, Musk refers to Dogecoin (DOGE) — digital money worth millions in dollars that went viral via social media.

He distributed the picture underneath in a tweet shared minutes after the previously mentioned remark. The picture shows a dust storm, labelled “dogecoin standard,” overwhelming a city, which is labelled the “global financial system.”

It's inevitable
— Elon Musk (@elonmusk) July 18, 2020

This meme involving the cryptocurrency was first shared by the Bitcoin market tracking application Blockfolio to Musk.

This isn’t the first run through Musk has involved in Dogecoin and Bitcoin.

Around April Fool’s Day of last year, the infamous CEO said that Dogecoin is his “favorite currency.” He continued to turn into the ‘CEO’ of the project after the Dogecoin group agreed to vote. In turn, he became the CEO of Dogecoin, obviously, an inaccurate designation.

Musk Considers Bitcoin May Have Some Benefit

Although Musk’s most recent remark on Dogecoin is under his fondness to play with the digital currency industry, he implied that he sees some value in Bitcoin.

Reacting to “Harry Potter” creator J.K. Rowling who got some details about Bitcoin, he stated:

“Pretty much, although massive currency issuance by govt central banks is making Bitcoin Internet money look solid by comparison.”

In a previous meeting with ARK Invest, distributed in mid-2019, that he thinks Bitcoin is “brilliant” in structure. However, Musk criticized the asset’s dependence on the confirmation of work structure, which requires great deal of power to manage

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