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The Real Reason Tesla Is Ditching Bitcoin Elon Musk is lying. really feel about cryptocurrency? I wouldn t blame you if you re confused. The Tesla founder s recent erratic behavior has sent the entire crypto market up and down faster than an exploding SpaceX rocket. And it doesn t look like he s done with his wild shenanigans. First, the mere announcement that he was going to host Saturday Night Live sent his pet crypto Dogecoin soaring to record highs. Rabid investors rushed into Dogecoin in anticipation of Musk s appearance, understandably assuming that he d plug the coin to a brand new audience and send prices soaring “to the moon.” ....