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.
Bought some Dogecoin for lil X, so he can be a toddler hodler
— Elon Musk (@elonmusk) February 10, 2021
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.
Contributing Writer at TeslaNorth.com from California’s southeast Bay Area. Covers electric vehicles, space exploration, and all things tech. Loves a good cup of coffee (click here to buy us a coffee), live music and puppies. Buying a Tesla? Click here to get 1,000 free Supercharging miles.