“Bitcoin is almost as bs as fiat money,” Elon Musk tweeted on Sunday, and then followed it up with another tweet. “One Word: Doge.” “The tweet sent shares of Dogecoin up nearly 20% and landed it on the list of trending Twitter topics,” reports CNN. (Later that day Musk tweeted “i love all u crazy ppl out there.”) The tech billionaire even went as far as updating his Twitter bio with the title “Former CEO of Dogecoin…” This isn’t the first time Musk has tweeted about Dogecoin, the bitcoin descendant. The SpaceX CEO mentioned the digital coin in July when he tweeted “It’s inevitable” with an image depicting the dogecoin standard engulfing the global financial system. The tweet sent shares up 14% at the time. Dogecoin was created in 2014 as a parody to a popular internet meme “doge”, which involved a picture of a Shiba Inu dog. Although the virtual coin started off as a joke, it currently has a market value of nearly $570 million.
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