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Elon Musk Adds Billions to Dogecoin's Market Cap by Joking About Accepting It for Tuition Fees

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Mon, 1/11/2021 - 7:37
Elon Musk Adds Billions to Dogecoin's Market Cap by Joking About Accepting It for Tuition Fees
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The market cap of Dogecoin added $3 billion within minutes after Tesla CEO Elon Musk tweeted that his imaginary university would accept the original meme cryptocurrency as payment for tuition fees.

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Musk also quipped that students who have a dog would be able to get an unspecified discount.

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Last week, the centibillionaire sent Twitter users into a frenzy after revealing his plan to start a university named “Texas Institute of Technology & Science.”

While some perceived Musk's racy proposal as juvenile and off-color, others were quick to crack their own jokes about the dirty acronym that briefly emerged as one of the top-trending topics on Twitter.     

It remains unclear whether Musk’s tweet was anything more than a tasteless gag, but the Dogecoin community is already saving up for tuition.

Despite a recent push from Musk, Dogecoin remains below Shiba Inu on CoinMarketCap.

The “Dogecoin killer” is up 7% over the past 24 hours despite a rebuke from famed whistleblower Edward Snowden.

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