Billionaire Elon Musk has a favorite cryptocurrency — Dogecoin (DOGE). We knew Musk was a fan of crypto after he touted the brilliance of bitcoin, suggesting paper money would eventually disappear. His preference for Dogecoin comes as a welcome surprise and has emboldened the meme-happy community.
After months of the crypto community trying to get Musk’s attention with the BTC Lightning Torch, the Tesla founder finally took the bait, only it wasn’t bitcoin. Musk responded to an April Fools’ Dogecoin poll in which he is named among potential CEO candidates alongside heavy blockchain hitters Vitalik Buterin, Charlie Lee, and Marshall Hayner. Musk tweeted:
“Dogecoin might be my fav cryptocurrency. It’s pretty cool.”
Dogecoin might be my fav cryptocurrency. It’s pretty cool.
— Elon Musk (@elonmusk) April 2, 2019
Much Wow, Very Meme
That’s a good thing, considering Musk ran away with nearly three-quarters of the vote at last check (69%), followed by Hayner, Buterin, and Lee, respectively. He is already at the helm of Tesla, SpaceX, and the Boring Company, to name a few. What’s one more? Musk’s declaration inspired much and very memes from the Dogecoin community:
Musk couldn’t have picked a better time to jump on the DOGE bandwagon after the top-26 coin rallied by double-digits on April Fool’s Day. Today, the mineable cryptocurrency that was created as a joke is up another 3%.