Elon Musk, who has a large share in Dogecoin’s reaching these levels, is now staring at the artificial intelligence rush.
Owner of important organizations such as Tesla, SpaceX and Twitter, Elon Musk is closely followed by the crypto industry. The biggest reason for this is the FOMOs created by Musk in the past years. Musk made Dogecoin one of the top five cryptocurrencies by market capitalization, especially with his shares for Dogecoin.
Nowadays, Musk is sharing about artificial intelligence technology, which is catching an increasing hype day by day. With Musk starting to add wood to the AI fire, it makes one think that the next crypto bull may come from AI.
Is Elon Musk Poking the Artificial Intelligence Bull?
Elon Musk has had a large share in the bull run with his approaches to cryptocurrencies in the past years.
Musk, especially as a result of his moves on the side of Dogecoin, enabled Dogecoin to reach a market value of more than ten billion dollars. At one time, Musk even made the crypto world accept that Tesla could accept payments with Dogecoin.
In the crypto industry, where a new hype emerges almost every year, it is argued that the last hype could be artificial intelligence. Many new trends such as meme coins, NFTs, metaverse projects created enough FOMO environment to experience bull runs. Recently, it has been discussed that the new FOMO will be on artificial intelligence.
These discussions and expectations began to be supported by Musk. The billionaire has started to attract the attention of the crypto industry with his posts on Twitter. In a post, Musk stated that he used to deal with crypto money, and now he has turned his direction to artificial intelligence.
“I used to be in crypto, but now I got interested in AI"
— Elon Musk (@elonmusk) March 3, 2023
In previous periods, Musk had been one of those who ignited the hype with his similar posts. Known for his stereotypical phrase “Doge, to the moon” for Dogecoin, it was a matter of curiosity how Musk would create hype on artificial intelligence.
Musk also shared a post towards the end of last month. After this sharing, many artificial intelligence projects had risen. In Musk’s post, the phrase “BasedAI” was included.
BasedAI
— Elon Musk (@elonmusk) February 28, 2023