Youngest HODLer ever? Elon Musk buys DOGE for his 9-month-old son

Elon Musk’s kid with Canadian musician Claire Elise Boucher, or Grimes, may now be one of the youngest public cipher users on record.

In a tweet today from Tesla CEO, Musk He said His 9-month-old son is now the proud – or maybe just picky – owner of some Dogecoin (DOGE), referring to him as “a HODLer toddler.” The boy was born last May, named X Æ A-Xii – pronounced “ex ash eh twelve” – ​​with the last two syllables in honor of the Lockheed A-12.

Musk’s recent tweets have likely fueled DOGE’s price since January. The token started in 2021 at around $ 0.005 but has since increased by more than 1,400% to $ 0.0758 at time of publication. Many of Tesla CEO’s remarks and DOGE’s upbeat opinions preceded the price spike.

However, the second richest man in the world is not the only billionaire who apparently believes that the token has potential. Mark Cuban, owner of the Dallas Mavericks, said Monday that DOGE is the “best entertainment hype available for your business” in the cryptocurrency market and he does not think it’s a “bad look” for investors to consider.

With cryptocurrencies appearing prominently in the news, there are many people under the age of 18 interested in how to legally own Bitcoin (BTC), Ether (ETH), or any number of altcoins. Although it is illegal for many minors to keep cryptocurrency on exchanges, parents like Musk can often present digital assets to their children. Cobain also bought his 11-year-old son Jake for $ 5 from DOGE.