Elon Musk Once Again Promotes Dogecoin as He Shares Dogecoin Video

Tesla CEO Elon Musk has shared a new video concerning the popular meme coin craze called the Dogecoin. The CEO created havoc around the cryptocurrency circles last year after talking about the new token on his social media platform. In the latest turn of events, the cryptocurrency proponent has proceeded to share a new video that aims to share more detail about the Dogecoin perks.

It is worth noting that the video was a response to Brett Winton, Ark Invest Research Director. Winton shared a new tweet commenting on the Bitcoin mining claiming that on April 1st, around 19 million Bitcoins were minted. His tweet was a joke-like setup that showed a dialogue between two people, one of whom knows Bitcoin and the other does not.

Winton’s latest quip on Bitcoin mining postulates the idea that his mother is not very familiar with the idea of the Bitcoin mining process, and sometimes miners are microchips. His tweet also seems to allude to the idea that the older generation is not quite tech-savvy. In response to the tweet, Musk posted the aforementioned video.

Tesla CEO tweeted at Winton to show his mother this simple video. The video shared by the Tesla executive was titled explains everything. The small video starts with a Shiba Inu dog that is the main avatar for Dogecoin. The Dogecoin character is then seen blasting off to the skies leaving behind Bitcoin and all other cryptocurrencies. The video is the animation of the idea that Dogecoin is going to the moon.

Dogecoin Video Features Microchips

Many people are not aware of the idea that cryptocurrency mining requires microchips. These microchips are used to increase the computing power of a computer that is trying to solve the crypto puzzle and mint a new Bitcoin block. The process of solving Bitcoin cryptic puzzles is PoW.

Musk’s Dogecoin video also shared other PoW cryptocurrencies like Bitcoin, Dogecoin, and Litecoin, among others. Soon after the video was posted on Twitter, Dogecoin co-founder Billy Markus also joined the discussion and ranked it the best cryptocurrency video in history. Last month, Musk told his followers on Twitter that he has no plans to sell his Bitcoin, Dogecoin, and Ethereum reserves.