May 8 will go down as an important day in the history of cryptocurrency, as Dogecoin (CRYPTO: DOGE) hit an all-time high. The date also coincided with a rare appearance by a businessman on the sketch comedy show “Saturday Night Live.”
What Happened: Tesla Inc (NASDAQ: TSLA) CEO Elon Musk hosted an episode of “Saturday Night Live” on May 8, 2021. The episode aired on NBC, a unit of Comcast Corporation (NASDAQ: CMCSA) and could also be seen in many international markets on YouTube, a unit of Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL).
During the episode, Musk played the role of financial expert Lloyd Ostertag, who shared some educational facts about cryptocurrencies with “Weekend Update” host Michael Che.
“They’re a type of digital money but instead of being controlled by a central government, they’re decentralized using blockchain technology,” Musk as Ostertag told Che of cryptocurrencies.
Ostertag asked to be called the “Dogefather” in the skit, and later explained what Dogecoin …
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