Elon Musk's Dogecoin and Bitcoin Tweets: A Crypto Twitter Timeline
Have you ever had a partner who was no good for you? Your parents, your friends, even the voice in your head told you to split up, but before you knew it, you were married with three kids.
For Tesla CEO Elon Musk, that partner is Twitter. The SEC warns him off of tweeting things that can move the market, and what does he do? He goes and buys a 9% stake in the company—and joins the board to boot.
See related article: Will Doge Coin Reach $1?
The latest concern is that Musk's appointment could revitalize scrutiny of the automobile kingpin from the Securities and Exchange Commission, which is tasked with protecting consumers from things like market manipulation. While the agency has fined Musk for tweets it regards as ill-timed and/or misleading related to Tesla, the South African has also been known to inflate crypto market prices in under 140 characters.
Musk first started tweeting about cryptocurrency in January 2018 with Musk-founded The Boring Company's release of flamethrowers (not a typo).
From February 2018 through at least February 2019, Musk publicly maintained via Twitter that he owned no cryptocurrency aside from 0.25 BTC that a friend had sent to him.
But in April of that year, something shifted as Musk declared (jokingly or not), "Dogecoin might be my fav cryptocurrency. It's pretty cool." What followed was a years-long love affair with the joke coin, based on a meme involving a Shiba Inu dog. Decrypt has previously reported that Dogecoin searches spiked from 2019 through 2020 around the times Musk tweeted about the coin.