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Elon Musk’s star becomes a guest host of Saturday night live he was like no one in the nearly half-century history of the American television comedy show. Even before he tried to laugh, Musk’s appearance helped raise the price of a cryptocurrency that started out as a joke.
His name is dogecoin, a tribute to the internet meme with a Shiba Inu dog. Developed in 2013 by two technologists mocking the cryptocurrency crisis, it has attracted a lot of money and reached a market capitalization north of $ 90 billion at various times on Friday and Saturday, according to the CoinMarketCap website.
Dozens of worth billions of dollars the previous days were added Saturday night live, which reflects the hopes that a TV gesture will wink or nod by dogecoin friendly No Tesla executive it would spur its followers to buy more. Musk appeared to cheer the excitement, sparking his appearance with tweets, including one from last month that said, “The Dogefather / SNL May 8.”
Musk, who assumed the additional title of “Tesla Technology” this year, he quickly bowed his crown in the direction of the dogecoin faithful on Saturday night. During her initial monologue, she took out her mother Maye and, after an exchange of daring ones, they started working.
“I’m excited for my mother’s day gift,” she said, speaking just minutes before the American version of the celebration began on Sunday, Eastern Time. “I just hope it’s not dogecoin.”
“That’s right,” Musk replied, smiling broadly. “I’m sure.”
The dogecoin speech became a little more analytical when Musk returned to the role of financial expert with “Lloyd Ostertag” laces during SNL’s satirical program Weekend update segment.
“Call me Father Dog,” he said on arrival, recalling the words from Musk’s recent tweet, before anchor Michael Che asked him to explain the cryptocurrencies.
“It’s a kind of digital money. But instead of being controlled by a central government, they are decentralized using blockchain technology, “Musk / Ostertag said.” And lately prices have risen for cryptocurrencies like bitcoin, ethereum and especially dogecoin. “
Then it got complicated. No less than six times, and with a growing comic effect, the anchors asked Musk / Ostertag, “What is dogecoin?” After giving several answers, including “an unstoppable financial vehicle that will take over the world,” he said, “I’m not talking about telling you it’s a digital currency that you can exchange for conventional money.”
“So, is it a bustle?” Che asked.
“Yes, it’s a fuss,” said a Musk / Ostertag with a big smile before proclaiming, “To the moon!”
The hashtag #dogetothemoon had been trending on Twitter in anticipation of Musk’s appearance. But the price of dogecoin dropped dramatically around the time of the SNL broadcast. In the wee hours of Sunday, an illiquid time in the world of finance, the price of dogecoin had dropped by about a quarter to reach its market capitalization below $ 70 billion, according to CoinMarketCap.
Father Dog had appeared, as promised, but it was hard to know what to do with his words. With his relentless tongue on his cheek, he kept his audience guessing why one of the richest people in the world would want to joke on TV about a fun cryptocurrency that could win and lose tens of billions of dollars in a matter of days. .
“Look, I know I sometimes say or post weird things, but that’s how my brain works,” Musk said during his monologue. “To anyone I have offended, I just want to say that I reinvented electric cars and sent people to Mars with a rocket. Do you think I would be a normal, cold guy too? ”
Musk laughed and the studio audience laughed. It remains to be seen if dogecoin investors will end up having fun in the same way.
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