Dogecoin rose by 10% after Elon Musk’s tweet

The price of DOGE jumped from $0,10 to $0,12

14.03.2022 - 11:00

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2 min

What’s new? The price of the meme cryptocurrency Dogecoin (DOGE) rose by 10% after Tesla and SpaceX CEO Elon Musk stated on Twitter that he is not going to sell his crypto assets. The businessman said that he owns BTC and ETH in addition to Dogecoin.

Source: Twitter.com

What else did Elon Musk post? Musk also asked Twitter users what they think about the likely rate of inflation over the next few years. MicroStrategy CEO Mike Saylor answered the question, saying that the US dollar consumer inflation will remain close to historic highs and asset inflation will double the rate of growth in consumer inflation. The weaker currencies will collapse and there will be an increased outflow of cash, debt, and undervalued stocks into scarce assets such as bitcoin.

What preceded it? Elon Musk has previously posted about DOGE on Twitter. In December 2021, he mentioned Dogecoin, stating that it is better for everyday payments than BTC. And in January of this year, he suggested McDonald’s accept Dogecoin.

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