Ethereum News

Is Ethereum Elon Musk’s next favourite crypto? Tesla CEO shills ETH

A few weeks back, Dogecoin was much talked about after the CEO of Telsa, Elon Musk tweeted about the coin being his favourite cryptocurrency. Today, it seems like he now another favourite crypto as the Tesla CEO shills ETH on twitter.

In a similar manner, as he did with Dogecoin, the Tesla CEO twitted “Ethereum”. Though this is a much shorter tweet than the tweet he sent out on dogecoin which read “Dogecoin might be my fav cryptocurrency. It’s pretty cool”, he could be communicating a message which at this stage is very hard to understand.

His Ethereum tweet was later followed by another tweet from him which went “JK”. Vitalik Buterin was quick to reply to his tweet by inviting him to the upcoming Devcon taking place in October.

Elon Musk is undoubtedly a secret lover of Bitcoin and cryptocurrencies and he is even of the opinion that paper money is going away. Many have even in the past, circulated rumours of him being Satoshi Nakamoto.

Just as with Dogecoin, will Elon musk also change his Twitter bio to “Former CEO of Ethereum”?

The tweet as can be expected impacted the price of Ethereum which saw it make some gains and get back into the green but more importantly, google trend also saw a spike in the number of Ethereum searches.

Some other replies to his tweet were reminders to the fact that he is being watched by the SEC. Last year, the Tesla CEO twitted about wanting to take Tesla public at $420 and this brought him much trouble.

In fact, he only reached an agreement with the SEC on how he should use his twitter on Friday last week. An agreement which will see his tweets regarding topics related to Tesla go through a securities lawyer before posting.

As the Tesla CEO shills ETH, could he be a holder of the coin or just an admirer?

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coinmag

Kinsley is an MSc student in Information Management and a blockchain consultant. He is a lover of big data with particular interests in disruptive technologies like blockchain technology and Artificial Intelligence.

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