Elon Musk, the CEO of Tesla and the world’s richest person, has said that his 9-month-old son is now the proud owner of some Dogecoin (DOGE) by referring to him as a “toddler HODLer.” Born in May 2020, Musk’s little boy is named X Æ A-Xii (pronounced “ex ash eh twelve”).
Bought some Dogecoin for lil X, so he can be a toddler hodler — Elon Musk (@elonmusk) February 10, 2021
It has been reported that Musk’s recent tweets have likely fueled the price of DOGE since January, as the token started 2021 at around $0.005 but has since risen more than 1,400%. Many of his memes and bullish opinions of DOGE have preceded a price surge.
However, the world’s second-richest man Mark Cuban, who is also the owner of Dallas Mavericks, said that DOGE is the “best entertainment bang for your buck available” on the crypto market and doesn’t think it’s a “bad look” for investors to consider it.
With cryptocurrencies becoming more prominently featured in the news, there are many people under 18 years old interested in how they can legally own Bitcoin (BTC), Ether (ETH), or any number of altcoins.
Prepare the memes! @ElonMusk bought some #Dogecoin for his nine-month-old son making him a toddler HODLer. https://t.co/JEwtY8XllB — Cointelegraph (@Cointelegraph) February 11, 2021
Parents like Musk can often gift their children digital assets though it’s illegal for many minors to hold cryptocurrencies on exchanges.
Thus, Cuban has also purchased his 11-year-old son Jake $5 worth of DOGE.