{"id":551261,"date":"2023-09-14T14:00:24","date_gmt":"2023-09-14T14:00:24","guid":{"rendered":"https:\/\/ktsl888.com\/?p=551261"},"modified":"2023-09-14T14:01:04","modified_gmt":"2023-09-14T14:01:04","slug":"elon-musk-biography-dogecoin","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin\/elon-musk-biography-dogecoin\/","title":{"rendered":"Elon Musk\u2019s Biography Just Dropped: Here Are Important Excerpts About Dogecoin"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/bitcoinist.com\/elon-musks-biography-dogecoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">much-anticipated biography<\/span><\/a><span style=\"font-weight: 400\"> of the world\u2019s richest man, Elon Musk, recently dropped. As expected, it contains some interesting tales of Musk\u2019s involvement with the <a href=\"https:\/\/bitcoinist.com\/litecoin-saved-dogecoin\/\" rel=\"nofollow\">meme coin <\/a><\/span><span style=\"font-weight: 400\">Dogecoin<\/span><span style=\"font-weight: 400\"> and how he has contributed to its growth.<\/span><\/p>\n<h2>Musk\u2019s Love For Dogecoin Runs Deep<\/h2>\n<p><span style=\"font-weight: 400\">Musk\u2019s biography, authored by Walter Isaacson, contains certain important parts that highlight how much the world\u2019s richest man is invested in the token. In one part, Isaacson writes that Musk\u2019s brother discussed the possibility of creating a blockchain-based social media platform that would include a payment system using Dogecoin.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/crypto\/crypto-coinex-hack\/\">By The Numbers: How Much Crypto Has Been Lost In The CoinEx Hack So Far<\/a><\/div>\n<p><span style=\"font-weight: 400\">Musk thought it was a great idea and even sent his brother an idea for \u201ca blockchain social system that does both payments and short messages like Twitter.\u201d Considering that it will be decentralized, Musk stated that it will guarantee free speech (something which Musk has continuously advocated for). The other option that Musk mentioned instead of this idea was to <\/span><a href=\"https:\/\/bitcoinist.com\/musks-twitter-acquisition-is-good-for-dogecoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">buy Twitter, which he eventually did<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, considering that the initial idea was to create a decentralized social system with Dogecoin being an integral part of the payment system, it won\u2019t be surprising to see <\/span><a href=\"https:\/\/bitcoinist.com\/elon-musk-responds-to-twitter-dogecoin-rumors\/#:~:text=However%2C%20in%20a%20tweet%2C%20Musk,X%20platform%20has%20been%20considered.\" rel=\"nofollow\"><span style=\"font-weight: 400\">Musk incorporate the meme coin into the payment system<\/span><\/a><span style=\"font-weight: 400\"> he intends to build on the X (formerly Twitter) platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Musk is known to post cryptic memes about Dogecoin usually. Still, his wittiness towards the meme token doesn\u2019t stop there, as he went as far as purchasing a Shiba Inu dog named Floki, which happens to be Dogecoin\u2019s logo. In February, he posted a <\/span><a href=\"https:\/\/x.com\/elonmusk\/status\/26340102?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">tweet<\/span><\/a><span style=\"font-weight: 400\"> of this pet dog with the caption, \u201cThe new CEO of Twitter..\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the book, FTX\u2019s CEO Sam Bankman-Fried (SBF) was in support of Musk acquiring Twitter as he believed that Twitter could be rebuilt on the blockchain and was \u201ceager\u201d to be part of the deal. Last year, Musk confirmed that SBF wanted to finance his Twitter takeover, but he wasn\u2019t so inclined to the idea as SBF had \u201cset off his bullshit meter.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The world&#8217;s richest man considered the idea of using blockchain technology as a support system for Twitter. However, it seems that Musk\u2019s love for Dogecoin didn\u2019t translate to him being a huge fan of blockchain technology. Isaacson stated that \u201cdespite the fun he had with Dogecoin and other cryptocurrencies, he was not a blockchain acolyte and he felt it would be too sluggish to support fast-paced Twitter postings.\u201d<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/ywZJctJg\/\" alt=\"Dogecoin price chart from Tradingview.com (Elon Musk biography)\" width=\"2884\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">DOGE price still trading sideways at $0.06 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">DOGEUSD on Tradingview.com<\/a><\/pre>\n<h2>DOGE Is An Investment<\/h2>\n<p><span style=\"font-weight: 400\">Beyond his fondness for the meme token, Musk is <\/span><a href=\"https:\/\/bitcoinist.com\/elon-musks-biography-dogecoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">reportedly invested in Dogecoin\u2019s development<\/span><\/a><span style=\"font-weight: 400\">. A page in the book revealed that Musk had been funding the cryptocurrency, with Isaacson labeling Dogecoin \u201cthe semi-serious cryptocurrency whose development he [Musk] had been quietly funding.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As such, it won\u2019t be surprising to see Musk work towards ensuring that the meme token attains new heights, with a prominent member of the Dogecoin community <\/span><a href=\"https:\/\/x.com\/TOPDOGE007\/status\/03517691?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">positing<\/span><\/a><span style=\"font-weight: 400\"> that Elon Musk will make the token \u201cthe official currency of X and earth in the future.\u201d<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/ethereum\/nasdaq-ethereum-etfs\/\">Why The NASDAQ\u2019s Latest Move Is Important For Fund Managers Filing Ethereum ETFs<\/a><\/div>\n<p><span style=\"font-weight: 400\">While this may seem farfetched to many, Musk is already taking steps that could place Dogecoin on the global stage. His X platform <\/span><a href=\"https:\/\/bitcoinist.com\/twitter-gets-license-to-enable-crypto-payments\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">recently acquired licenses<\/span><\/a><span style=\"font-weight: 400\"> to offer payment services in multiple states in the US. This move could undoubtedly form part of Musk\u2019s plans to create a payment system where users make payments in DOGE.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">DOGE is currently trading at around $0.06145, up by 0.50% in the last twenty-four hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Fox Business, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The much-anticipated biography of the world\u2019s richest man, Elon Musk, recently dropped. As expected, it contains some interesting tales of Musk\u2019s involvement with the meme coin Dogecoin and how he has contributed to its growth. Musk\u2019s Love For Dogecoin Runs Deep Musk\u2019s biography, authored by Walter Isaacson, contains certain important parts that highlight how much the world\u2019s richest man is invested in the token. In one part, Isaacson writes that Musk\u2019s brother discussed the possibility of creating a blockchain-based social media platform that would include a payment system using Dogecoin.\u00a0 Related Reading: By The Numbers: How Much Crypto Has Been Lost In The CoinEx Hack So Far Musk thought it was a great idea and even sent his brother an idea for \u201ca blockchain social system that does both payments and short messages like Twitter.\u201d Considering that it will be decentralized, Musk stated that it will guarantee free speech (something which Musk has continuously advocated for). The other option that Musk mentioned instead of this idea was to buy Twitter, which he eventually did. However, considering that the initial idea was to create a decentralized social system with Dogecoin being an integral part of the payment system, it won\u2019t be surprising to see Musk incorporate the meme coin into the payment system he intends to build on the X (formerly Twitter) platform.\u00a0 Musk is known to post cryptic memes about Dogecoin usually. Still, his wittiness towards the meme token doesn\u2019t stop there, as he went as far as purchasing a Shiba Inu dog named Floki, which happens to be Dogecoin\u2019s logo. In February, he posted a tweet of this pet dog with the caption, \u201cThe new CEO of Twitter..\u201d According to the book, FTX\u2019s CEO Sam Bankman-Fried (SBF) was in support of Musk acquiring Twitter as he believed that Twitter could be rebuilt on the blockchain and was \u201ceager\u201d to be part of the deal. Last year, Musk confirmed that SBF wanted to finance his Twitter takeover, but he wasn\u2019t so inclined to the idea as SBF had \u201cset off his bullshit meter.\u201d The world&#8217;s richest man considered the idea of using blockchain technology as a support system for Twitter. However, it seems that Musk\u2019s love for Dogecoin didn\u2019t translate to him being a huge fan of blockchain technology. Isaacson stated that \u201cdespite the fun he had with Dogecoin and other cryptocurrencies, he was not a blockchain acolyte and he felt it would be too sluggish to support fast-paced Twitter postings.\u201d DOGE price still trading sideways at $0.06 | Source: DOGEUSD on Tradingview.com DOGE Is An Investment Beyond his fondness for the meme token, Musk is reportedly invested in Dogecoin\u2019s development. A page in the book revealed that Musk had been funding the cryptocurrency, with Isaacson labeling Dogecoin \u201cthe semi-serious cryptocurrency whose development he [Musk] had been quietly funding.\u201d\u00a0 As such, it won\u2019t be surprising to see Musk work towards ensuring that the meme token attains new heights, with a prominent member of the Dogecoin community positing that Elon Musk will make the token \u201cthe official currency of X and earth in the future.\u201d Related Reading: Why The NASDAQ\u2019s Latest Move Is Important For Fund Managers Filing Ethereum ETFs While this may seem farfetched to many, Musk is already taking steps that could place Dogecoin on the global stage. His X platform recently acquired licenses to offer payment services in multiple states in the US. This move could undoubtedly form part of Musk\u2019s plans to create a payment system where users make payments in DOGE.\u00a0 DOGE is currently trading at around $0.06145, up by 0.50% in the last twenty-four hours, according to data from CoinMarketCap.\u00a0 Featured image from Fox Business, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":551271,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[52124,1785,89174,85675,7,1803,79599,79600,8375,89385,89384],"class_list":["post-551261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-biography","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogeusd","tag-dogeusdt","tag-elon-musk","tag-elon-musk-biography","tag-elon-musk-news"],"acf":[],"yoast_head":"\n<title>Elon Musk\u2019s Biography Just Dropped: Here Are Important Excerpts About Dogecoin<\/title>\n<meta name=\"description\" content=\"It contains some interesting tales of Elon Musk\u2019s involvement with the meme coin Dogecoin and how he has contributed to its growth.\" \/>\n<meta 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