Try what’s clicking on FoxBusiness.com.
Elon Musk drove dogecoin's worth up after a cryptic tweet Thursday.
The Tesla CEO referred to as himself "The Dogefather" in reference to his extremely anticipated "Saturday Evening Reside" internet hosting debut on Might 8.
"The Dogefather SNL Might 8," he wrote.
The SpaceX founder is not any stranger to hyping dogecoin, a parody cryptocurrency primarily based on the "Doge" meme created in 2013.
DOGECOIN: WHAT'S BEHIND THE SURGE?
After Musk's tweet, there was an increase within the value of dogecoin by 20% within the final 24 hours to 32 cents.
The billionaire entrepreneur beforehand tweeted about dogecoin on April 1, additionally April Idiot's Day, when he claimed that "SpaceX goes to place a literal Dogecoin on the literal moon."
VALUE OF TESLA'S BITCOIN STASH SWELLS
Musk's Tesla was the primary high-profile company to make an enormous guess on Bitcoin, earlier this yr disclosing a $1.5 billion funding as a part of its steadiness sheet and mentioned that it will begin accepting the foreign money as funds for vehicles.
On this photograph illustration visible representations of digital cryptocurrencies, Dogecoin and Bitcoin, are displayed on January 29, 2021 in Katwijk, Netherlands. (Yuriko Nakao/Getty Pictures)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
In an SEC submitting on Wednesday, the corporate disclosed honest market worth of its bitcoin holdings was now $2.48 billion, suggesting it’s sitting on a sizeable acquire on its preliminary funding.