Dogecoin, a Dark Comedy by Elon Musk

Dogecoin was above 48 cents when I called it a Ponzi Scheme on May 21, 2021.

Doge was a joke promoted by Elon Musk to a 70 Billion dollar asset,

I think there is a high chance it will be below 1 cent in less than 2 years..!

I hope the will be investigations for all his cryptocurrency related activities on social media.


So far SEC did a great job on stock related issues:

The subpoena by the Securities and Exchange Commission (SEC) was issued on 16 November, some 10 days after Musk asked his Twitter followers if he should sell 10% of his stake in the company, triggering a stock selloff.(The Guardian)

I like Elon Musk bright side, while I believe his dark side could cause a chaos like you have not seen all your life..!

Best,
Moshkelgosha