One of the anticipated and hyped moments of Tesla and SpaceX CEO Elon Musk’s look on Saturday Evening Reside this weekend was the potential, and highly probable, point out of Dogecoin, the meme cryptocurrency the tech billionaire has helped inflate to record highs. By no means one to disappoint his adoring fanboys, Musk gave them what they wished.
Musk, who hosted the internationally broadcast present on Saturday, talked about Dogecoin in a “Weekend Replace” sketch during which he performed monetary skilled Lloyd Ostertag. Virtually instantly, Musk additionally launched himself because the “Dogefather,” a reference to one among his latest tweets, which itself is a riff on The Godfather. The self-proclaimed Dogefather then proceeds to explain how cryptocurrencies work and states that, recently, costs for cryptocurrencies, particularly Dogecoin, have been hovering.
Weekend Replace co-anchor Michael Che then presses Musk to elucidate what Dogecoin is, a query many people have requested ourselves in latest months. The tech billionaire states that Dogecoin began out as a joke primarily based on an internet meme, however it’s taken off in an actual approach. Not glad, Che, together with co-anchor Colin Jost, asks once more for Musk to elucidate what Dogecoin is. And repeats the query once more. And once more.
After a little bit of forwards and backwards, Musk lastly seems to interrupt down Dogecoin in a approach the anchors on the Weekend Replace can perceive.
“I maintain telling you, it’s a cryptocurrency you possibly can commerce for typical cash,” Musk mentioned.
“Oh, so it’s a hustle,” Che mentioned.
“Yeah, it’s a hustle,” Musk admitted.
Though it was a comedy sketch, Musk lastly appeared to acknowledge what (actual) monetary specialists have mentioned about Dogecoin all alongside. (This week, Musk himself said that cryptocurrency is promising but in addition warned his followers to speculate with warning). Mockingly, however not unsurprisingly contemplating that cryptocurrencies are unstable, Dogecoin was down 40% early Sunday, or as low as 44 cents according to CNN, after the Dogefather talked about it on SNL.
In addition to mentioning Dogecoin, it was extremely probably that Musk would speak about one other one among his many obsessions, Mars, particularly contemplating SpaceX’s recent Starship success this previous week. On Wednesday, the corporate efficiently landed a prototype of the Starship rocket it would use to take astronauts again to the Moon and sooner or later take people to Mars. It has been the only prototype that hasn’t exploded.
On this sketch, set within the close to future, Musk has apparently already constructed a colony on the Pink Planet. Nonetheless, it has been hit by a photo voltaic storm, which has affected the life assist programs, particularly the oxygen provide. Musk oversees a courageous however absent-minded colonist named Chad (Pete Davidson) exterior of the colony to activate the backup oxygen circulator.
“Chad, I wish to be sure to perceive that you just gained’t survive this mission,” Musk mentioned. “To save lots of your fellow colonists, it’s a must to make the last word sacrifice.”
“Hm, sick,” Davidson mentioned.
The sketch additionally consists of Miley Cyrus, the episode’s musical visitor, and is ready to dramatic music one would count on in house films. Chad is finally profitable in his mission however meets a tragic finish.
“Nicely, I did say folks had been going to die,” Musk mentioned, another reference to statements he’s made about going to Mars. “I used to be by no means right here.”