He also advises people to not spend their life savings into cryptocurrency. Musk talks about how Dogecoin was created as a joke and says, “fate loves irony,” and adds, “that the currency that was invented as a joke, in fact becomes the real currency.” How To Bet On The 2023 Super Bowl With Dogecoin If you recall, last year a fan-made Dogecoin advertisement made its way across social media, convincing some that DOGE would make an appearance during the last Super Bowl.
Dogecoin has gained 19% so far this year, and its rise comes as the broader crypto market recovers from the fallout of the collapse of FTX. So far in 2023, two of the world's largest tokens, bitcoin and ethereum have risen 30% and 18%, respectively. Fate loves irony And given Elon Musk's long-standing championing of dogecoin -- as well as hints last year that he may consider introducing the option to pay for Twitter subscriptions in DOGE -- this report was enough to spark a dogecoin rally. This rally has now died down, but Musk's attendance of the Super Bowl in a Dogecoin T-shirt has reminded the market that it could return at very short notice.