If you’ve opened Twitter today, you’ve probably noticed that the historic bluebird logo is gone to make room for a dog. But not just any dog: a Shiba Inu, the cryptocurrency dog Dogecoin.
As a first consequence, in addition to the dismay of users, the value of Dogecoin has skyrocketed.
Elon Musk has done it again: Twitter’s new logo is Dogecoin’s dog
It is not the first time that Elon Musk, current owner of Twitter, uses its media power to influence the cryptocurrency market. All through practices that, in a regulated financial market, would be considered illegal. Despite the anarchy of the crypto world, last summer Musk was accused of having advertised Dogecoin, with the aim of increasing its price, and then letting the cryptocurrency depreciate rapidly. Musk also hosted an episode of Saturday Night Live in which he posed as a fake finance expert to promote Dogecoin in a segment.
It is now clear that Twitter has become Elon Musk’s personal toy, who uses it as he pleases and for his own interests. The Tesla CEO also re-shared a decidedly prophetic postor dating back to before the Twitter acquisition. In the tweet, Musk speculated about buying the platform and changing its logo to advertise Doge.