Elon Musk Buys Dogecoin for Son, So He Can Be a “Toddler Hodler”



Elon Musk’s youngest son, X Æ A-XII, is now an owner of Dogecoin. Photo: Elon Musk

A new wave of cryptocurrency talk has gripped the internet in recent weeks, with Tesla CEO Elon Musk spurring the moment on through his tweets, and through Tesla’s recent $1.5 billion (USD) investment into Bitcoin.

On Wednesday, Musk tweeted news that he has bought shares in Dogecoin for his youngest son, X Æ A-XII, following up with a joke about his “toddler becoming a hodler” – a misspelled play on the word “holder,” which arose following the craziness of Gamestop’s stock frenzy a few weeks ago.

While Musk’s recent tweets about Dogecoin and Bitcoin have caused a number of spikes to happen in the cryptocurrency world, the most significant move by far was Tesla’s investing $1.5 billion (USD) into the coin, and announcing that it would soon begin accepting payments in the digital currency. No major automaker has ever ventured into the world of cryptocurrency before, so the move makes history.

In any case, Bitcoin, Dogecoin, and other cryptocurrencies will likely see increased usage in the decades to come. By the time X Æ A-XII is an adult, perhaps the “future currency of Earth” will have shown itself to be a virtual coin, as a recent survey on Musk’s Twitter suggests.

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