Elon Musk Says a Dogecoin Festival Sounds ‘Fun’ Ahead of Miami Bitcoin Conference


Elon Musk has said the idea of a Dogecoin festival “sounds kinda fun” after some cryptocurrency enthusiasts suggested it on Twitter.

A popular Dogecoin fan account posted a photo of what appeared to be a music festival stage that had been edited to include images of the Shiba Inu meme that is typically associated with the cryptocurrency token.

The account also suggested Musk—a known supporter of Dogecoin—could DJ at the festival while Dogecoin could be used “as payment for everything.”

Musk, the billionaire CEO of Tesla and SpaceX, humored the idea, replying on Twitter, though it’s unclear if he will take it seriously or not.

It comes ahead of the Bitcoin 2021 Miami crypto conference, due to take place June 4 and 5 at the Mana Wynwood Convention Center. The event is organized by bitcoin media company BTC, Inc.

BTC has said it expects more than 10,000 people to attend the event, but Fox Business, which has called the event the largest cryptocurrency conference in history, reports that organizers are expecting upwards of 50,000 attendees.

The event is due to host a number of famous names including Jack Dorsey, CEO of Twitter; professional skateboarder Tony Hawk; and former U.S. Congressman Ron Paul. There will also be speakers from within the cryptocurrency and finance industries.

Although the main conference days will run through June 4-5, there will also be “Whale Day” on June 3—a special event accessible to those who buy the $21,000 Whale Pass. General admission costs $1,499, though both tickets will cost more after fees.

BTC say the Whale Day event will include content about “how to best leverage bitcoin as a financial tool” as well as information on bitcoin mining.

The whole event had previously been planned to take place from April 30 to May 1 in Los Angeles, but was relocated with BTC citing “circumstances regarding availability in the state of California” on the event website.

Francis Suarez, mayor of Miami, told Fox Business in January he wanted the city to become “one of the most crypto-forward and technological cities in the country.”

The price of bitcoin has suffered a decline over the past few weeks despite reaching an all-time high of around $65,000 in mid-April. Recent bad news for the digital currency has included a crackdown in China.

Bitcoin is currently worth around $36,000 with a market cap—the total value of its circulating supply—of around $678 billion, according to CoinMarketCap data at the time of writing.

Experts have previously warned Newsweek about the risks associated with cryptocurrency investing.

A visual representation of a Dogecoin token, taken in Katwijk, Netherlands, January 2021. Elon Musk is a known supporter of the cryptocurrency.
Yuriko Nakao/Getty



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