Elon Musk plans to become the world’s first Dogecoin trillionaire – News Couple

Elon Musk plans to become the world’s first Dogecoin trillionaire

Tesla CEO Elon Musk says he will become the world’s first Dogecoin trillionaire.
According to a recent forecast by an analyst at Morgan Stanley, the SpaceX founder is on his way to becoming the world’s first trillionaire by relentlessly amassing his fortune.

A Twitter account called UberFacts tweeted this prediction. Interestingly enough, the Tesla CEO responded to the tweet, stating that he will be a Dogecoin trillionaire. With this response, he sent the price of Dogecoin higher once more.

Related reading | Elon Musk’s “Baby Doge” tweet raises the price of Dogecoin

As of today, Musk is already the richest man in the world, ahead of Amazon founder Jeff Bezos, who is in second place. According to the Bloomberg Billionaires Index, his net worth is $252 billion. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people.

In July, the tech entrepreneur revealed that he owns Bitcoin, Dogecoin, and Ether.

Elon Musk and Dogecoin

Musk’s net worth rose due to Tesla, whose stock price has been rising over the months. On Friday, the company’s shares soared to a new high above $900/share. With his current net worth, he is equal to more than the Gross Domestic Product (GDP) of New Zealand.

On Friday, the Twitter account @UberFacts reported the prediction from Morgan Stanley.

Elon then immediately replied to the tweet agreeing that it would be a trillionaire, but in Dogecoin.

In a typical fashion, Musk’s mention of Dogecoin in the tweet sent the coin’s price up nearly 6% in just one hour. At the time of writing, Dogecoin is trading 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 always posted memes about Dogecoin in particular and is constantly weighing on the meme coin.

In May, the SpaceX founder announced that in 2022, SpaceX will launch a lunar mission funded by Dogecoin. He said that this is the first time cryptocurrency has been used in space, and it will also be the first meme to be used in space.

Estimated net worth of the founder of SpaceX

According to the Guardian, analysts at investment bank Morgan Stanley have predicted Elon Musk will become the world’s first trillionaire.

Forbes says the tech entrepreneur is revolutionizing transportation on Earth, through electric car maker Tesla, and in space, via rocket producer SpaceX.

An analyst at Morgan Stanley says he could make a lot more money from his SpaceX exploration work than he made from Tesla.

Related reading | Elon Musk gets rid of SNL Fail, plans to send Dogecoin to the moon

Analyst Adam Jonas said SpaceX was “challenging any preconceived notion of what and the possible timeframe, in terms of missiles, launch vehicles and supporting infrastructure.”

He added, “We’ve been told by more than one customer if Elon Musk is going to become the first trillionaire… It won’t be because of Tesla. Others have said that SpaceX may end up being the most valuable company in the world — in any industry.”

Related reading | SpaceX Has Bitcoin On Its Balance Sheet, Elon Musk

Jonas estimates that privately owned SpaceX, which is worth $100 billion this month, could be worth $200 billion and more. It is currently the second largest private company in the world, after Internet company ByteDance. The SpaceX founder owns approximately 48% of the company.

It remains to be seen if these predictions about the Tesla CEO will come true.

Featured image by The World Financial Review, Chart From TradingView.com

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