Advertisement
Canada markets closed

  • S&P/TSX

    21,656.05
    +13.18 (+0.06%)
     

  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     

  • DOW

    37,753.31
    -45.66 (-0.12%)
     

  • CAD/USD

    0.7274
    +0.0010 (+0.14%)
     

  • CRUDE OIL

    82.90
    +0.21 (+0.25%)
     

  • Bitcoin CAD

    85,405.27
    -2,562.03 (-2.91%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • GOLD FUTURES

    2,389.30
    +0.90 (+0.04%)
     

  • RUSSELL 2000

    1,947.95
    -19.53 (-0.99%)
     

  • 10-Yr Bond

    4.5850
    -0.0740 (-1.59%)
     

  • NASDAQ futures

    17,731.50
    +73.00 (+0.41%)
     

  • VOLATILITY

    18.21
    -0.19 (-1.03%)
     

  • FTSE

    7,847.99
    +27.63 (+0.35%)
     

  • NIKKEI 225

    38,090.87
    +129.07 (+0.34%)
     

  • CAD/EUR

    0.6806
    +0.0004 (+0.06%)
     

'Dogefather' Elon Musk tries to explain cryptocurrency on Saturday Night Live as real price of Dogecoin drops during his monologue

Jolie Lash
·2 min read

No, but really, what is Dogecoin?

Tesla boss Elon Musk attempted to explain away the internet's cryptocurrency obsession during an appearance on Saturday Night Live's Weekend Update. One of the few guest hosts to join Colin Jost and Michael Che at the desk, Musk was introduced as "Financial Expert Lloyd Ostertag."

"Thank you, Michael. Call me the Dogefather," Musk told Che — to a lot of applause from the live studio audience.

The Weekend Update bit saw Che asking what dogecoin was, followed by Musk providing a series of detailed answers about the cryptocurrency. Jost even got in on the joke, asking the exact same question (because like, seriously what is Dogecoin?), and Musk offered another complex answer. Finally, he offered something simple.

ADVERTISEMENT

"I keep telling you, it's a cryptocurrency you can trade for conventional money," Musk settled on.

"Oh, so it's a hustle," Che said.

"Yeah, it's a hustle!" Musk admitted.

In fact, the price of Dogecoin actually dropped while Musk was on air -— from about $0.55 to $0.50. It got back to about $0.56 as the show ended. Additionally, the trading app Robin Hood experienced trading issues related to cryptocurrency while Musk was on the show, though issues were quickly resolved.

Various Dogecoin watchers on social media joked about the cryptocurrency's changing value while Musk hosted.

Read our full recap of the Musk-hosted episode here.

Related content: