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Elon Musk Believes Dogecoin Is His "Private Stimulus" for People

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Fri, 7/05/2021 - 19:30
Elon Musk Believes Dogecoin Is His "Private Stimulus" for People
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While the government is handing out cash to its people to shore up the pandemic-ravaged economy, Tesla CEO Elon Musk, the second-richest person on the planet, took the matter into his own hands with Dogecoin. 

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In his most recent tweet, the billionaire entrepreneur claims he views the meme cryptocurrency as his "private stimulus."

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Image by @elonmusk

The coin's massive surge is widely attributed to Musk's Doge-related memes that instantly result in price spikes.                     

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Your stimulus could be worth almost a million 

Dogecoin has increased roughly 68,000 percent since last March when the U.S. government started sending the first batch of $1,200 stimulus checks.        

Those who invested this cash into Doge right away could have pocketed around $817,000.     

Investing the second stimulus check of $500 would have amounted to over $120,000. Finally, putting $1,400 into DOGE in April could have resulted in over a $19,000 gain.   

Putting $1,200, the amount of the original stimulus check, into Dogecoin back in May 2015 when the cryptocurrency was trading at $0.000086, could have made you $11.2 million.    

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