| In a tweet today from the Tesla CEO, Musk stated that his 9-month-old son is now the proud — or maybe just fussy — the owner of some Dogecoin (DOGE), referring to him as a “toddler HODLer.” The boy, born last May, is named X Æ A-Xii — pronounced “ex ash eh twelve” — with the last two syllables an homage to Lockheed’s A-12 aircraft. |
According to Cointelegraph, Musk’s recent tweets have likely fueled the price of DOGE since January. The token started 2021 at nearly $0.005 but has since risen more than 1,400% to reach $0.0758 at the time of publication. Many of the Tesla CEO’s memes and bullish opinions of DOGE have preceded a price surge.
Nonetheless, the world’s second-richest man is not the only billionaire who seemingly thinks the token has potential. Dallas Mavericks owner Mark Cuban said on Monday that DOGE is the “best entertainment bang for your buck available” on the crypto market and doesn’t think it’s a “bad look” for investors to consider it.
With cryptocurrencies becoming more prominently featured in the news, there are many people under 18 years old interested in how they can legally own Bitcoin (BTC), Ether (ETH), or any number of altcoins. Though it’s illegal for any minors to hold cryptocurrencies on exchanges, parents like Musk can often gift their children digital assets. Cuban has also purchased his 11-year-old son Jake $5 worth of DOGE.