Home Business Elon Musk’s involvement in Dogecoin: Revealed in the bibliography

Elon Musk’s involvement in Dogecoin: Revealed in the bibliography

Elon Musk's involvement in Dogecoin: Revealed in the bibliography

Elon Musk and Dogecoin (DOGE) is a love story that never seems to end. The two entered the love boat in April 2019 after the billionaire tweeted that Dogecoin could be his favorite cryptocurrency. Since then, the two have been inseparable and the course has often been influenced by the CEO of Tesla and SpaceX. A recent Wall Street Journal (WSJ) article revealed that Musk is heavily involved in Dogecoin. In this article, we address the allegations made by the American newspaper.

Silent force behind Dogecoin development

The WSJ article, published on Aug. 31, reveals that Musk and Dogecoin’s relationship isn’t just based on eternal love. The article states that Musk funded the behind-the-scenes development of the popular meme coin. The claim is based on a page from Musk’s upcoming bio.

Furthermore, the bibliography page shows that the successful entrepreneur was thinking about creating his own social media platform based on the blockchain with both payments and short messages.

Finally, in October of last year, Musk decided to take over Twitter and make it part of his larger plan to build an all-in-one app. He has since renamed the platform “X”, which is in line with his original idea.

Elon Musk’s biography, written by Walter Isaacson, is expected to be released on September 12. The failed partnership with FTX founder and former CEO Sam Bankman-Fried is also highlighted.

X expands, DOGE integration coming?

Musk has already made many radical changes since taking over the former Twitter. For example, the platform implemented an option for so-called “Distribution of advertising revenue‘ or the sharing of advertising revenue. It allows eligible users to monetize their content on X. In addition, many more features will be added in the future, including calling and video calling.

Also, on August 28, X received official approval to process crypto transactions. Whether Musk’s favorite cryptocurrency will be integrated in the future is not yet clear.

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