Brett Winton, director of research at Ark Invest, posted a tweet about old-school people not understanding Bitcoin miners. In response, Elon Musk posted a video about Dogecoin saying it “explains everything.”
In the video, a Shiba Inu (the symbol of DOGE) sits on a rocket, which makes its market cap surpass that of Bitcoin and other major cryptocurrencies. The video also briefly shows the microchip used for the PoW algorithm of the first-generation cryptocurrencies such as Dogecoin, Bitcoin, Litecoin, and their derivatives. Dogecoin co-founder Billy Markus also joined the discussion, calling the video the best cryptocurrency video in history.