Much anticipation, hype and controversy roared through the media as eccentric tech billionaire Elon Musk took the Studio 8H stage as host of “Saturday Night Live” (SNL) on Saturday.
The Tesla CEO got his monologue off to a great start, talking about the one time he smoked pot before a podcast with Joe Rogan or jokes posted on his Twitter account. Surprisingly, despite his neurobiological disorder, he appeared quite comfortable.
“SNL” surprised everyone by choosing Musk to host the show. Cast members were not very happy with this decision since Musk is not an actor, not a comedian, and incidentally, has a controversial past.
There were two alarming moments for the cryptocurrency dogecoin during Musk’s presentation. The first was when he invited his mother, Maye Musk, who noted that she hoped her Mother’s Day gift would not be a dogecoin. This was more in a joking tone. But then, in another of the show’s segments, Musk played a financial expert, who is repeatedly asked, “What is dogecoin?”, because the answer was never clear and ended up being: “Yeah, it’s a hustle”
At midnight on Saturday night into Sunday, the cryptocurrency had accumulated a drop of more than 20% in the last 24 hours and was trading towards $0.55. Dogecoin, which had been trading around $0.70 throughout the day yesterday suddenly dropped to below $0.5 in those minutes of the program. Already in the morning in the U.S., the fall exceeded 30%.
Why do you think a comedy show would have such a high impact on financial investments? Is it valid for it to drastically affect numbers that have been rising over the past year? Or maybe it shows how fragile cryptocurrencies are? Let us know what you think in the comments!
