His tweets are expensive. They have cost his company some serious money. When Elon Musk tweeted in May that Tesla stock was overpriced, it shaved off $13 billion from the electric carmakers’s value.
But, the SpaceX and Tesla CEO is not always on the “losing” side when it comes to Twitter. The 49-year-old was at his cryptic best on December 20 when he trashed the ever-rising bitcoin and give a shout-out to Dogecoin, a meme-based cryptocurrency. Following Musk’s tweets, the small cryptocurrency surged 20 percent.
“One word: Doge,” Musk wrote to his 40 million followers.
Doge immediately spiked to $0.0047, its highest mark since early July.
The tech billionaire went as far as updating his Twitter bio with the title “Former CEO of Dogecoin.”
To which Saylor responded: “Yes I have purchased over $1.3 billion in #BTC in past months & would be happy to share my playbook with you offline – one rocket scientist to another.”
On December 21, bitcoin rose to a fresh record high crossing the $24,000-mark for the first time. Year-to-date, the premier cryptocurrency has surged about 233 percent on the back of rising interest in the cryptocurrency from both institutional and retail investors.
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