Californian Billionaires Back Bitcoin And Musk Sports DogeShades
Last Updated on 19 July 2021 by CryptoTips.eu
As the cream of the crop of the Silicon Valley billionaires (Google, Facebook, Twitter, etc) met in Sun Valley, Idaho for their yearly get together (which the Guardian dubbed the secret gathering of unelected billionaire kings), local Berkeley newspaper The Daily Californian focused on what all of them thought about Bitcoin (and other cryptocurrencies).
Meanwhile Elon Musk made the price of Dogecoin jump 10% over the weekend as he changed his profile pic to include the famous Shiba Inu coin. He also started a trend with DogeShades.
Continued ranging
Another weekend and another range for Bitcoin which remains stuck in the $30 to $35k trading pattern for several weeks, almost months on end in now seems. The good news is that the last time I can remember Bitcoin being this boring was just before a breakout back in October of 2020 went it went on an epic bull run. Let’s hope my memory serves me correct.
Meanwhile the fame of Bitcoin continues to spread, this time to the Californian city of Berkeley, where local newspaper the Daily Californian admitted that:
Famous celebrities from Gwyneth Paltrow to Snoop Dogg have been said to be interested in cryptocurrency and that it has become popular among some famous billionaires.
#DogeShades to the moon!!! $DOGE pic.twitter.com/JJmHuFGcWA
— 💸💸💸 (@itsALLrisky) July 17, 2021
The piece of course discussed Elon Musk (who’ll probably be moving to Texas along with his Tesla gigaplant soon but for now still resides in California), Mike Novogratz, the Winklevoss twins and many, many others.
Dogecoin jumps
Musk himself indeed showed continued interest in cryptocurrencies this weekend, when he influenced the price of Dogecoin once again by inserting the famous Shiba Inu image on the sunglasses which he sported on his new profile pic on Twitter.
DOGE Coin has surged by 20% since Elon Musk made his Profile Picture a pic of him wearing DOGE sunglasses.#Doge $DOGE #DogeShades #ElonMusk pic.twitter.com/ZR8rhLU2sA
— Mr. Whale (@CryptoWhale) July 17, 2021
Given that Musk has more than 50 million followers on that social media platform and has been able to influence the price of DOGE in this way many times in the past, the 10% jump on Saturday came as no surprise.
According to contrarian investor CryptoWhale, Musk has in fact been able to cause a 20% jump in the immediate aftermath of him sporting those DogeShades.