Elon Musk has in recent weeks made headlines in the crypto world and it seems that he is not stopping anytime soon. His child with musician Claire Elise Boucher, or Grimes, might now become one of the youngest public cryptocurrency users on record.
In a February 10 tweet, the Tesla CEO said that his 9-month-old son is now the proud — or maybe just fussy — owner of some Dogecoin. He went on to refer to his son as a “toddler HODLer.”
The boy was born in May 2021 and his name is X Æ A-Xii — pronounced “ex ash eh twelve.” The last two syllables of the name are a homage to Lockheed’s A-12 aircraft.
Bought some Dogecoin for lil X, so he can be a toddler hodler
— Elon Musk (@elonmusk) February 10, 2021
Elon Musk’s recent tweets have probably fueled the price of DOGE since January. The token started the year at about $0.005 but has since gained over 1,400% to trade at $0.0758 at the time of writing. Most of the CEO’s memes and bullish DOGE opinions have preceded a price surge.
Nonetheless, the second richest man in the world is not the only billionaire who appears to believe that DOGE has potential. Dallas Mavericks owner Mark Cuban, a bitcoin critic, said on Monday that DOGE appears to be the “best entertainment bang for your buck available” in the crypto space and he is convinced that it is a worthwhile bet for investors to consider.
With cryptos continually becoming frequently featured in the news, many people under 18 years old appear interested in how they can legally own Ether (ETH), Bitcoin (BTC), and several other major cryptos.
Even though it is currently illegal for most minors to hold cryptos on exchanges, their parents, just like Musk, can gift their children digital assets. Mark Cuban also bought his 11-year-old son Jake $5 worth of DOGE.