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GRUENHEIDE, GERMANY - AUGUST 13: Tesla CEO Elon Musk talks during a tour of the plant of the future foundry of the Tesla Gigafactory on August 13, 2021 in Grünheide near Berlin, Germany. The US company plans to build around 500,000 of the compact Model 3 and Model Y series here every year.

Crypto is on the rise again, and it’s all thanks to Elon Musk. Again. Musk said in a tweet yesterday t and said that he would now start taking Bitcoin for Tesla merchandise, including cars, which caused people to rush in and buy the cryptocurrency. However, this wasn’t the only one as the meme currency DOGE Coin.

https://twitter.com/elonmusk/status/1481873421390680065?s=20
Musk tweeted a mid-December tweet saying he would allow DOGE Coin testing to purchase items that sent the cryptocurrency up more than 20%.
Popular among retail investors, Dogecoin raced up 18% to above $0.20 after Friday’s tweet.

Musk’s tweets on the cryptocurrency, including the one where he called it the “people’s crypto,” buoyed the meme coin and caused it to soar roughly 4,000% in 2021.

[Source CNN Business]

 

Forbes Top Crypto For 2021

 

[Source Forbes]

Investor’s Edge with Gary Kaultbaum can be heard on weekdays on MoneyTalk 1010. Gary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is the owner and President of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. In addition, Gary is the author of the book “The Investors Edge” and the host of a nationally syndicated radio show with the same title, “Investors Edge,” broadcast on numerous stations across the U.S. The show is also available on-demand and airs live 6-7 pm EST Monday-Friday. You can hear past shows online at garykaltbaum.com.