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October 2, 2022
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Bitcoin

Elon Musk tweets again about DogeCoin –

Elon Musk is the CEO of Tesla and SpaceX. On top of that, he’s a DogeCoin fan and has recently re-expressed it. He tweeted again about the famous cryptocurrency. Elon Musk and Dogecoin are an inseparable pair.

Musk and Dogecoin – new tweets

Musk re-logged on Twitter to mention DOGE. Despite the information that he may have problems with this (we wrote about it here), he still seems to have a great time.

DOGE is a cryptocurrency that represents a meme that was popular a few years ago. It’s about a doggie, a funny looking yellow dog. Musk, famous for his rather strange sense of humor, clearly liked the idea behind this digital currency. She clearly enjoys reminding her with her tweets.

Previously, he claimed that he wanted to become the CEO of the project. He added that DOGE is “People’s cryptocurrency”. He also wrote on Twitter that DogeCoin could be “the future currency of the Earth “. Now he is even more creative.

DOGE is e-god

In a new tweet, he stated that “DOGE spelled backwards is Egod”. In other words, he suggested DOGE was the e-God, the deity of the new digital age.

Other top members of the cryptocurrency community took this joke and began to reveal the remaining “hidden” meanings of cryptocurrencies. For example CZ, CEO of Binance, stated that BNB from the back is still… BNB. Another twitter wrote that Elon from behind is Nole.

The SEC is rumored to be investigating Musk’s case

So Musk clearly did not care about the reports that suggest that the American counterpart of the KNF – SEC, wants to look at his activities on Twitter. After all, Elon Musk and Dogecoin are too permanent a connection to break. It’s just rumors so far.

The fact that this may be true is, however, evidenced by the fact that at the end of January the commission warned against investing in assets that are promoted on social media.

The SEC’s Investor Education and Support Bureau warns investors of the high short-term risks investing based on social media, especially in volatile markets, (…).

Retail investors may seek to profit from volatile markets by buying individual stocks, including those of highly promoted companies with lower market capitalization. Some of these actions may be discussed on social media as well as rating sites, message boards, chat rooms, news aggregators, investment research sites, online investment newsletters, and message boards. It may seem interesting to join this mod and follow the crowd. Sometimes, however, following the crowd can lead to high investment losses

– you can read at investor.govwhich is managed by the SEC.

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