Elon Musk’s guest hosting appearance on this week’s Saturday Night Live has already caused a stir among the cast and the easily outraged.It’s also affecting the price of one of his major cryptocurrency interests, so much so that he warned investors today to be careful.Musk is a major supporter of Dogecoin, a cryptocurrency that’s up more than 14 percent today.
Speculators are betting that Musk will say something on SNL that will send the digital currency soaring. He’s hyped the currency in the past, with Doge rising significantly after his prompts.Such market manipulation is a grey area in cryptocurrency investing.
Read more on deadline.com