Tesla CEO Elon Musk says that he’ll turn out to be the world’s first Dogecoin trillionaire.
According to a current prediction by a Morgan Stanley analyst, the SpaceX founder is on his manner to changing into the world’s first trillionaire together with his relentless amassing of wealth.
A Twitter account referred to as UberFacts tweeted this prediction. Amusingly, the Tesla CEO replied to the tweet, stating that he can be a Dogecoin trillionaire. With that reply, he despatched the Dogecoin value hovering once more.
Related Reading | Elon Musk’s “Baby Doge” Tweet Spikes The Dogecoin Price
As of immediately, Musk is already the wealthiest man on the planet, forward of Amazon founder Jeff Bezos, who is in second place. According to the Bloomberg Billionaires Index, he has an estimated internet price of $252 billion. The Bloomberg Billionaires Index is a day by day rating of the world’s richest folks.
In July, the tech entrepreneur revealed that he owns Bitcoin, Dogecoin, and Ether.
Elon Musk and Dogecoin
Musk’s internet price has skyrocketed due to Tesla, whose inventory value has stored rising over the months. On Friday, the corporate’s shares rose to a brand new excessive above $900/share. With his present internet price, he is price greater than the complete Gross Domestic Product (GDP) of New Zealand.
On Friday, Twitter account @UberFacts reported the prediction from Morgan Stanley.
Elon Musk is predicted to turn out to be the world’s first trillionaire, thanks to SpaceX
— UberFacts (@UberFacts) October 22, 2021
Elon then replied instantly to the tweet agreeing that he can be a trillionaire, however in Dogecoin.
— Elon Musk (@elonmusk) October 22, 2021
In typical trend, Musk’s point out of Dogecoin within the tweet resulted within the coin’s value rallying by nearly 6% in simply an hour. At the time of writing, Dogecoin is buying and selling at $0.247.
Musk’s tweet pushes Doge to $0.247 | Source: DOGEUSD on TradingView.com
In July, Musk revealed that he owns Bitcoin, Ethereum, and Dogecoin. However, he has all the time posted memes about Dogecoin particularly and is always weighing in on the meme coin.
In May, the SpaceX founder introduced that in 2022, SpaceX will launch a moon mission funded by Dogecoin. He stated this is the primary time that cryptocurrency will likely be utilized in area, and that it’s going to even be the primary meme utilized in area.
SpaceX launching satellite tv for pc Doge-1 to the moon subsequent yr
– Mission paid for in Doge– 1st crypto in area– 1st meme in area
To the mooooonnn!!https://t.co/xXfjGZVeUW
— Elon Musk (@elonmusk) May 9, 2021
SpaceX Founder’s Net Worth Prediction
According to the Guardian, analysts at funding financial institution Morgan Stanley have predicted that Elon Musk will turn out to be the primary trillionaire on the planet.
Forbes says that the tech entrepreneur is working to revolutionize transportation each on Earth, by means of electrical automobile maker Tesla, and in area, by way of rocket producer SpaceX.
A Morgan Stanley analyst says that he may make rather more cash from his area exploration enterprise SpaceX than he has produced from Tesla.
Related Reading | Elon Musk Brushes Off SNL Fail, Plans To Literally Send Dogecoin To The Moon
The analyst Adam Jonas stated that SpaceX was “challenging any preconceived notion of what was possible and the timeframe possible, in terms of rockets, launch vehicles and supporting infrastructure”.
He added: “More than one client has told us if Elon Musk were to become the first trillionaire … it won’t be because of Tesla. Others have said SpaceX may eventually be the most highly valued company in the world – in any industry.”
Related Reading | SpaceX Has Bitcoin On Its Balance Sheet, Elon Musk
Jonas estimates that the privately-held SpaceX, valued at $100bn this month, could possibly be price $200bn and much more. It is presently the world’s second-biggest privately held firm, after the web agency ByteDance. The SpaceX founder owns roughly 48% of the corporate.
It stays to be seen if these predictions concerning the Tesla CEO will come to move.
Featured picture by The World Financial Review, Chart From TradingView.com