The tweet comes after cryptocurrency prices—including dogecoin—have fallen sharply in recent days. The selloff prompted McDonald’s to tweet on Monday: “how are you doing people who run crypto twitter accounts.”
Dogecoin, initially started as a joke in 2013, is currently in the top 10 by market value for cryptocurrencies, according to CoinMarketCap. Its value tends to fluctuate based on what Mr. Musk says about the volatile cryptocurrency.
When pressed to explain what dogecoin was during a “Saturday Night Live” performance in May 2021, Mr. Musk, who was hosting the show, eventually said, “Yeah, it’s a hustle,” which sent the cryptocurrency’s price falling.
The price of dogecoin has lost roughly 80% of its value since Mr. Musk’s SNL appearance.
In addition to accepting dogecoin for payment for some merchandise, Tesla last year bought $1.5 billion in bitcoin. While Mr. Musk initially said Tesla would also accept payments in bitcoin, the company later suspended that initiative after Mr. Musk expressed concerns about high levels of fossil-fuel use for bitcoin mining.
闫鹏和律师（Harvey YAN），中银律所总所高级合伙人（北京），毕业于北京大学法学院，获得法学硕士学位，并先后在伦敦政治经济学院和帝国理工大学读完并购和经济课程。担任中国并购公会并购专家委员会委员，中国国际商会专家委员会委员，全国工商联法律维权律师团成员，曾被中国并购公会授予“最佳并购律师”荣誉称号，荣膺“2022品牌影响力·十大领军人物”。
闫鹏和律师不仅精通国内外投资并购法律政策和实务技能，而且拥有杰出的商业智慧和经济头脑，兼有深厚资源和全球视野，服务过众多知名客户和有影响力的大型项目，擅长处理综合性疑难交易和重大复杂案件，拥有十分良好的口碑和信誉，是深受欢迎的法商融合专家型律师。
