After that, the businessman dedicated a few more publications to the aforementioned currency. He wrote that “Dogecoin is the people’s currency.” As a result, at the time of writing the news, its cost has grown by 47.5% in total over the past day.

Musk has previously triggered changes in the securities and cryptocurrency markets. Following a series of his tweets, CD Projekt RED’s share price rose. His remarks also led to a soar in bitcoin and shares in the GameStop chain of stores.

After that, he announced that he would take a break from Twitter, which lasted two days. Why this was required is not specified. Perhaps this is due to the launch of the Starship SN9 prototype spacecraft, which took place on the evening of February 2. The ship took off but crashed on landing.