Elon Musk Shares DOGE Video That 'Explains Everything'

Tesla Inc TSLA CEO and DOGE-bull Elon Musk continues to keep Dogecoin DOGE/USD momentum alive with his occasional tweets supporting the meme coin. 

Recently, on Twitter, he posted a meme video about Dogecoin. 

He was responding to a tweet by Brett Winton, Director of Research at Ark Invest, about Bitcoin BTC/USD miners.

Winton posted a joke that features a short conversation between someone who understands Bitcoin and how the apex cryptocurrency is mined, and someone who does not know that “miners” are hardware.

Musk responded, posting a video about Dogecoin, saying it “explains everything.” 

Replying to Musk’s Twitter thread, Winton said that his five-year-old child is already urging him to set up an account on Coinbase.

Dogecoin co-founder Billy Markus also joined the Twitter conversation and called the video the "best cryptocurrency video in history."

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This comes after Markus tweeted last week that a DOGE-based social media website would be “pretty sick.” 

Musk’s tweet about the meme coin continues to push the value of the cryptocurrency upward. Dogecoin has surged 5% in the last 24 hours. At the time of writing, it was trading at $0.1435, up by over 8% in the last seven days. 

Also Read: Dogecoin Influencer Matt Wallace's New Token Crashes 99% Amid Allegations Of Exit Scam

A survey conducted by Benzinga in March indicated that a vast majority of respondents think that DOGE would reach a new pinnacle by 2023; 68.6% of those polled said that DOGE would touch a new all-time high, while 31.4% said it wouldn’t.

In February, Musk announced that Tesla would accept Doge payment at the company's new Santa Monica supercharging station.