Dogecoin fell 29% after Elon Musk’s comments on Saturday Night Live (SNL). He referred to it as a Hustle, though, in the full video (which I have included) this appears more as an awkward aside than a definitive statement. He also failed to mount a strong defence for Dogecoin during a stumbling sketch. The sketch itself was a meandering attempt to simultaneously send up the media’s inability to understand cryptocurrencies, and crypto advocates’ inability to explain crypto’s value.
I discuss the Musk’s SNL sketch and why the market reacted negatively. I also discuss more broadly issues surrounding Dogecoin.
* 0:00 Introduction
* 1:25 Elon Musk’s SNL comments
* 4:30 What happened to Dogecoin’s price
* 6:30 Why did dogcoin’s price fall?
* 9:34 Other thought’s on dogcoin’s value
#Dogecoin #SNL #Musk