Get the scoop on finance - sign up for mobile alerts
Altcoins
| On
December 27, 2020

Elon Musk Teases Crypto Asset for Mars, Pumps Dogecoin in Holiday Tweetstorm

By Daily Hodl Staff

Tesla chief executive Elon Musk is toying with the possibility of using crypto assets to power a future economy on Mars.

Responding to a discussion started by artificial intelligence researcher Lex Fridman, the head of the electric vehicle company offers a straightforward answer when asked whether the Martian economy will run on crypto.

ADVERTISEMENT

“Yes.”

Musk’s latest crypto tweetstorm also involves a holiday greeting with an accompanying image of a woman wearing a pair of Dogecoin (DOGE) shorts.

Last week, Musk sent the crypto asset surging 20% after praising the dog-themed cryptocurrency in a tweet.

“One word: Doge.”

ADVERTISEMENT

Back in July, Musk shared a tweet suggesting that Dogecoin could take over the global economy and become a reserve currency.

“It is inevitable.”

Following the tweet, Dogecoin soared nearly 20%.

Musk recently caught the attention of MicroStrategy CEO Michael Saylor, as well, after posting a provocative meme about the strength required to stay productive and ignore the leading cryptocurrency.

The chief executive of the business intelligence company took the chance to pitch BTC to the tech pioneer.

ADVERTISEMENT

“If you want to do your shareholders a $100 billion favor, convert the TSLA balance sheet from USD to BTC. Other firms on the S&P 500 would follow your lead and in time it would grow to become a $1 trillion favor.”

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Dotted Yeti