The question remains was this show promoted to kill the rise of Dogecoin?
My answer is definitely yes after watching this! They let Elon promote crypto but made sure he called it a "hustle" at the end. The US dollar is a hustle, but simpletons like SNL cast members can't grasp the concept.
This is the funniest thing that’s happened on SNL in a long, long time.
Gold is gold, silver is silver and the US dollar has the full backing and credit of the US government ( for whatever that is worth these days) behind it. What is cryptocurrency? It is an electronic conception that sits in an unknown, unregulated server. What is its economic foundation? Any wonder that Musk failed to answer that fundamental question? After all Musk has made a real fortune promoting vehicles that really cannot go all that far and in the final analysis are enviormental catastophres. He has also established a company that makes space rockets and believes it is his destiny to take a one way trip to Mars.Each of these ventures have had some real achievments and have attracted wild enthusiasm and investment from a sector of the population. Why is it then not suprising that he can without a clear , rational explanation enthuse many to invest in a product such as cryptocurrency which they have not a clue of its real economic function or worth. Elon Musk is truly a great man.
The cuurent batch of Cryto currencies are all a SCAM. “Oh yea?!! Well I bought 10,000 bozo coins for a penny and now they are worth $25 dollars each”. SO? What does that have to do with it being a SCAM? Every day one can read how someone made a huge boatload of money in some SCAM.
Elon BADDAZZ : )
Future readers will be perplexed by a history of the early 21st Century.
They will wonder if perhaps some sort of mass psychosis had taken over the population.
It was an age were everyone walked about with a paper mask over their face thinking it would protect them from viruses smaller than the wavelength of light. It was an age where people bet their savings on an electronic currency with no physical presence, created as a joke meme, with a cute looking dog as its logo.
I have no idea why anyone would invest in any stock or “currency” that had absolutely no fundamentals.
Although there might be short term gains, it is ultimately a losing bet.
Buy the panic, stay away from sexy investment vehicles, and HOLD.
I guessed that would be the case too since Musk was the one who originally promoted that coin. Could even be part of a settlement/agreement with him and a certain federal agency or two. Deep state propaganda outlet and anti-American SNL would be more than happy to play along.
The wilder (more volatile) a currency can be, the riskier it will be. It’s like the old crazy fads with yo-yos and ugly dolls.
DOGE hit .40 this morning...a 43% drop from one minute before Musk went on stage.
Studio 8H...
8 = H
HH
HEIL HITLER
SNL is a nazi organization
What is the value of Coinbase? Will it be worth any more six months from now than it is today?
What is the value of Coinbase? Will it be worth any more six months from now than it is today?
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It’s as real as a dollar bill... which is true. For better or worse...