Why did Mark Zuckerberg name his goat Bitcoin?

In a recent Facebook post, Mark Zuckerberg introduced his pet goat named ‘Bitcoin’

Facebook CEO Mark Zuckerberg left many crypto-enthusiasts scratching their heads as he introduced his pet goat, ‘Bitcoin.’

Is Zuckerberg trying to take a leaf from Musk’s book?

But Zuckerberg isn’t the only billionaire with his hand in crypto.

Many crypto fans have pointed out the similarities between the post and the way Musk’s Dogecoin. Dogecoin stocks recently fell after Billionaire Tesla CEO Elon Musk appeared on SNL. 

During his appearance, the Space-X CEO said the cryptocurrency would “take over the world,” calling himself the “Dogefather.”

One Reddit user wrote, “he’s trying to move markets like Elon.” On Twitter, user @DivacTheGreat also echoed this sentiment. He said, “is this an Elon-style Bitcoin nod, or is Zuck just a weird dude with bad pet naming skills?”

Goats save bitcoin drop

Bitcoin rose from US$55,500 to US$56,200 in the minutes after Zuckerberg’s 8.35am AEST post.

This comes after rumours that Facebook would follow the lead of SpaceX. The company recently announced they would be accepting Dogecoin as payment.

This latest post has renewed hope that Zuckerberg has bitcoin on his radar – perhaps indicating that Facebook plans to accept Bitcoin as payment in the future.

Crypto craze

But Bitcoin isn’t the only cryptocurrency getting all the hype lately, with some new players entering the field.

The “Shiba Inu coin” also known as SHIB coin or $SHIB has also been rising in popularity.

Much like Dogecoin, it started out as a meme. But now, crypto investors are seeing some potential.