https://wccftech.com/elon-musk-keeps-pumping-dogecoin-doge-even-after-the-recent-crypto-crash-is-there-a-method-to-this-madness/

Dogecoin (DOGE), a cryptocurrency created as a joke, has become the perfect vehicle for the CEO of Tesla (NASDAQ:TSLA), Elon Musk, to prove his star power. After spurring Dogecoin’s spectacular rise and the subsequent fall, Mr. Musk has now returned to regularly endorsing this meme coin.

After repeatedly pumping Dogecoin in the runup to his Saturday Night Live appearance, Elon Musk then precipitated a crash by terming the cryptocurrency a “Hustle”. Apparently still not satisfied, Mr. Musk then engineered a collapse in the wider crypto sphere by announcing that his company would no longer accept payment in Bitcoin (BTC) due to the cryptocurrency’s heightened energy consumption and the attendant adverse impact on the environment. After severe backlash from the crypto community, which railed at him for either not being aware of something as fundamental as Bitcoin’s mining process or deliberately ignoring this aspect until recently, the CEO of Tesla then hinted at dumping the Bitcoin holdings of his company entirely. Predictably, this sent shockwaves across the crypto sphere, culminating in yesterday’s wide-ranging crash, which was incidentally precipitated by China banning cryptocurrencies again.