Elon Musk’s effect on crypto world shows how irrational markets are – The Australian Financial Review

With his help, including a February 4 tweet describing dogecoin as the peoples crypto and a February 6 Twitter poll asking whether dogecoin is the future currency of Earth, he managed to propel the value of the dogecoin market, for want of a better term, to more than $US10 billion ($13 billion), a record high. It is now up about 900 per cent since late January.
Now it turns out that while Musk was drawing a crowd with his bizarre comments and images boosting a currency that, to reiterate, is a joke,…

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