Nishant KElon Musk and Doge Coins!
Picture Credits: CNBC
The emergence of cryptocurrencies in the world was convincingly made by Elon Musk, when he went on to announce that Bitcoins were accepted in Tesla. Since, that incident, bitcoins started trading at its peak. Similarly, Elon Musk also announced that SpaceX will soon accept Dogecoins which took the value of cryptocurrency by at least 10%. Let’s look at the tweet by Elons Musk:
Tesla merch can be bought with Doge, soon SpaceX merch too
— Elon Musk (@elonmusk) May 27, 2022
From the tweet it is quite evident that Elon Musk is an ardent supporter of Dogecoin and cryptocurrencies in general. He also happens to be the most influential business man who doesn’t only control the market trends but can also make the investors to determine in which cryptocurrency they would want to invest by his tweets. He is the one of the pioneers of cryptocurrency market.
What does Doge Coin creator think of the relationship Elon Musk has with Doge coin?
Let’s find out!
Elon Musk has over time promoted Dogecoin as a part of his freewheeling, shitposting schtick. All of his actions have always helped the Dogecoins to spike up in value. But, the creator of Dogecoin Jackson Palmer says that Elon Musk is “Grifter” and doesn’t even have the basic knowledge to run the codes.
Palmer says that, he interacted with Musk many times. In one occasion, when Palmer had a chat conversation with Musk over twitter’s direct message, about automatically reporting cryptocurrency scam. From that conversation, Palmer claimed that Elon Musk reached out to him asking, “How do I run this Python Script?”
Palmer’s predictions about crypto.
Jackson Palmer stopped working on cryptos since 2015 and denounced his technology. He also feels that the recent crypto crash is nothing, and there will be soon a crypto bubble burst. The affects of the burst will be unhealable and he believes it will be more painful than the previous one. He says that, the bubble burst will also affect the lower end of socio-economic spectrum when it happens.