Elon Musk ramped up his anti-fiat rhetoric with a Dogecoin meme
Not long ago, as AZCoin News reported, Elon Musk has taken to Twitter to share another meme with his followers, maybe pump Bitcoin price. Musk’s attitude is completely anti-fiat and government. Recently, the Tesla CEO continued to urge his followers to ditch a fiat-centric worldview in a recent tweet.
Elon Musk has a message for Dogecoin holders
Dogecoin was created back in 2013 as a joke. The cryptocurrency community is well-known for taking on philanthropic projects, which included helping charitable organizations. It made headlines in 2014 after raising more than $25,000 worth of DOGE to let the Jamaican bobsleigh team attend the Winter Olympics in Sochi.
Musk posted a Matrix-themed meme that shows Neo asking a Shiba Inu-headed Morpheus if he can make a lot of money with Dogecoin. In turn, the cynocephalus replied that the popular meme coin is money, thus urging the iconic Keanu Reeves character not to focus on fiat gains.
Source: Elon Musk/Twitter
This isn’t the first time Musk has caused a stir on Twitter with a reference to “The Matrix”. In May 2020, he encouraged his followers to take the red pill. The term has taken on a rather loathsome connotation after being adopted by some extremist groups who want their followers to wake up to the accusations of society.
This can be considered as some consolation for DOGE holders. As DOGE is trading at a whopping 73% off the May 8 all-time high of $0.73. Musk’s most recent appeal doesn’t alleviate the meme coin’s predicament. At press time, DOGE is trading at $0.197, up 2% over the past 24 hours.
DOGE/USD 4-hour chart | Source: TradingView
While Bitcoin cannot go high because the maximum number of coins is capped at exactly 21 million, DOGE has an infinite supply. Dallas Mavericks owner Mark Cuban, another prominent Dogecoin supporter, claimed that inflation could actually make Dogecoin a successful currency.
Source: Google Trends
Interest in Dogecoin price on Google Trends has dropped significantly since May 9.
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