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Each with the Dogs has their own day, as Musk hosts Saturday Night Live

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It’s Elon Musk’s starring turn Saturday Night Live It was like the history of a U.S. television comedy show for nearly half a century. Even before he tried to cause laughter, Musk’s appearance helped raise the price of a cryptocurrency that began as a joke.

His name is dogecoin – a tribute to the internet meme featuring a Shiba Inu dog. The two technologists, developed in 2013, who are buzzing about cryptocurrency, have attracted a large amount of money, reaching a market capitalization of $ 90 billion in the north on Friday and Saturday, according to the CoinMarketCap website.

Ten worth billions of dollars they were added in the previous days Saturday Night Live, reflects dogecoin-friendly television gestures or gestures General Manager of Tesla it would encourage its followers to buy more. Musk appeared to encourage happy thinking, teasing his appearance with tweets last month: “The Dogefather / SNL May 8.”

Musk took the additional title “Tesla technology” this year, he quickly led his crown in the direction of the faithful dogecoin on Saturday night. During the initial monologue, he took out his mother Maye and after an exchange of enjoyment, they set about the business.

“I’m happy with the Mother’s Day gift,” she said, speaking in the US version of the celebration on Sunday, Eastern time, a few minutes before the start. “I hope it’s not dogecoin.”

“That’s right,” Musk replied, with a wide smile. “Sure.”

Dogecoin’s discourse became somewhat more analytical when Musk returned to the role of financial expert “Lloyd Ostertag” in SNL’s satire. Weekend update segment.

“Call me dad,” he said as he arrived, remembering the words of Musk’s last tweet, before anchoring Michael Che asked him to explain the cryptocurrency.

“They’re a kind of digital money. But instead of being controlled by a central government, they are decentralized, using blockchain technology, “Musk / Ostertag said.” And lately prices are rising in cryptocurrencies like bitcoin, ethereum and especially dogecoin. “

Then it got complicated. Less than six times, and with a growing comic effect, the anchors asked Musk / Ostertag, “What is dogecoin?” After several responses, calling it “the unstoppable financial vehicle that will take over the world,” he said, “I keep telling you, it’s a cryptocurrency you can do in exchange for regular money.”

“So it’s a commotion?” asked Chek.

“Yeah, it’s a commotion,” Musk / Ostertag said with a wide smile, “To the moon!” Before you claim it.

The hashtag #Dogetothemoon tended to be on Twitter in anticipation of Musk’s appearance. But the price of dogecoin dropped significantly during the SNL broadcast. According to CoinMarketCap, in the wee hours of Sunday – with no liquid time in the financial world – the price of dogecoin fell by about a quarter to capitalize on the $ 70 billion market.

Dogefather appeared, as promised, but it was hard to know what to do with his words. With his tongue mercilessly on his cheek, the audience continued to wonder if one of the richest people in the world wanted to make a joke on TV about a fun cryptocurrency that could win and lose tens of billions of dollars in a few days.

“Look, I know I sometimes say or send strange things, but that’s how my brain works,” Musk said in his monologue. “I want to tell anyone I’ve insulted that I’ve reinvented electric cars and I’m sending people to Mars in a rocket ship. Did you think I’d be chilling too, normal guy?”

Musk laughed, and the studio audience laughed. It remains to be seen whether dogecoin investors will have the same fun.

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