Following rumors in recent years, a revelation about Elon Musk’s closely-guarded secrets has come to light, rocking the crypto world. It would appear that Elon Musk has been quietly supporting the development of Dogecoin, while also harboring ambitions to launch a universal platform for some time.
Beyond the myth, the real ‘DogeFather’ !
In a article from Wall Street Journal published last Saturday, the famous author Walter Isaacson offered a taste of his upcoming biography of Elon Musk, CEO of X. Scheduled for publication on September 12, it is already generating a great deal of anticipation in crypto circles.
The book is committed to revealing many of the hidden facets of Musk including his role in funding Dogecoin and his plans to launch a blockchain-based social media platform. These revelations don’t seem far-fetched, given Elon Musk’s track record with Dogecoin.
Indeed, Dogecoin’s growing popularity is largely attributed to Musk who has established himself over the years as a major figure in the crypto sphere. His comments on Dogecoin often led to significant fluctuations in the price of the DOGE token on the market. He was even accused of insider trading and price manipulation. However, Elon Musk categorically denied these allegations, maintaining that his Dogecoin publications were perfectly legal.
His commitment to Dogecoin wasn’t limited to simple tweets. In May, he even replaced the Twitter logo with that of Dogecoin. It is precisely because of these actions that he has earned the nickname ” The Dogefather” . The rumor of a possible adoption of Dogecoin as a mode of payment on Twitter – now renamed X – has also fueled much debate among crypto enthusiasts.
In the shadow of genius, Elon Musk’s secrets finally revealed
While the world has always been fascinated by the mystery surrounding Elon Musk, this new biography promises to shed light on the shadowy areas of his life and businesses.
At the heart of these revelations is the bold initiative of Sam Bankman-Fried, founder of FTX exchange now in decline. SBF had considered injecting $5 billion to support Musk’s attempt to buy Twitter:
Even more fascinating, Musk reportedly envisioned building an innovative social media platform on blockchain, integrating payments functionality. A vision inspired by exchanges with his brother Kimbal Musk.
Changpeng Zhao « CZ », CEO of Binance, expressed surprise at the persistence of Dogecoin suggesting that the involvement of Musk plays a crucial role in the viability of this corner.
In the end, several questions remain unanswered. Will social network X, formerly known as Twitter, integrate cryptocurrency payments? If so, will the DOGE token be integrated, enabling users, for example, to pay for their subscription? Will other, more web3-oriented social networking projects emerge that could eventually supplant X?
Walter Isaacson’s biography of Elon Musk promises to immerse readers in the mysteries surrounding Elon Musk, revealing unsuspected facets of his relationship with Dogecoin. Expected on September 12, this book is an unmissable window into one of the most intriguing minds of our time. Probably one not to be missed.
Coming from a journalism university background, I came across Bitcoin and cryptocurrencies not long ago.
The potential of the Blockchain seduced me and I made it my research topic.