In the meantime, Elon also tweeted
“In retrospect, it was inevitable”.
Although it is not known whether this is a reference to the bio change or something else. But then again, it’s often the case that Musk’s tweets are cryptic.
In retrospect, it was inevitable
— Elon Musk (@elonmusk) January 29, 2021
Did Elon Musk buy Bitcoin?
In any case, just as he said that he didn’t actually own any DOGE, it is also likely that this endorsement is unrelated to Musk’s decision to buy Bitcoin.
Meanwhile, despite this “flag” change, Dogecoin is rising in value, now marking €0.04304, representing a 350% climb in just 24 hours.
This pump is said to be due to a Reddit group that has decided to drive up the value of the coin, as has happened in the case of GameStop.
In any case, many well-known personalities from the entertainment world have tweeted in favour of Dogecoin, for example the former lead singer of Skid Row, Sebastian Bach. A few days ago, also porn actress Angela White and rapper Lil Yachty tweeted about Dogecoin.
Who knows whether, seeing this pump of DOGE, Elon Musk has not decided to move on to something else and also increase the value of Bitcoin, which is now at $35,000 after marking an ATH that had brought it almost to $42,000 at the beginning of the month.