“Dogecoin Godfather” Musk tweeted: Cryptocurrency is promising, but please invest with caution

At noon on May 7th, Beijing time, it was reported that Tesla CEO Elon Musk tweeted a video titled “Musk said Dogecoin could become the future of cryptocurrency” with a text. Said that cryptocurrency is promising, but please invest with caution.

Musk will host the NBC popular late-night show “Saturday Night Live” (SNL) on May 8. He called himself “The Dogefather” in a tweet that announced the news. Soon after the tweet was posted, Dogecoin rose sharply in a short-term, soaring 21% intraday, and the price once rushed to 34 cents.

Recently, every tweet by Musk that brought goods for Dogecoin has caused heated discussions.