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- Cryptocurrency die-hard fan calls for caution while investing
- Hustle quote leads Dogecoin values to tank
- Makes a rare appearance on the venerable TV show
Watershed moment, turns out to be a damp squib
It was dubbed as the watershed moment, but it turned out to be a damp squib. Elon Musk appeared on “Saturday Night Live” comedy sketch TV show and called DogeCoin a Hustle. The result was there for everyone to see. Dogecoin Cryptocurrency Tumbled to as low as $0.47 on crypto exchange Binance. It was a steep fall of 28% from $0.65 before the show.
Ndtv.com reported that in a rare precedent, business mogul Elon Musk was called to host the venerable comedy TV show “Saturday Night Live.” Viewers could not believe their ears when Musk called Dogecoin Cryptocurrency A ‘Hustle.’ The Tesla CEO hosted the show at 11:30 p.m. EDT on Saturday.
Blind Enthusiast suddenly advocates caution
Cryptocurrency enthusiasts were eagerly waiting for their die-hard fan in his maiden appearance on the TV show. Why not since it was his tweets which sent the meme-based DOGECOIN, a once-obscure digital currency, into a speculator’s dream. Musk answered questions and asked ‘what is dogecoin,’ he termed it the future of currency. He is also termed as a financial vehicle that is going to take on the world. However, when a cast member asked him if it is a hustle, he laugher ad said yes.
It is rare to see a business Moghul on a comedy TV show. Everything is not well, and Tesla is losing momentum after last year’s rally. Earlier, the CEO posted numerous tweets that spoke highly of cryptocurrency and criticized the regular old cash for having negative real interest rates. He also termed it foolish to ignore cryptocurrencies. However, just a day before the show, Musk tweeted about being cautious before investing blindly in cryptocurrencies.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
