Elon Musk reminds all his followers that he is not a Dogecoin master. However, Musk’s tweets have been credited with markedly influencing the value of the meme currency.
Elon Musk Tweet
Elon Musk is the CEO of Tesla. He tweeted on Tuesday that he still has no formal authority over the project despite the recent interest he is taking in Dogecoin.
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Moreover, Musk was replying to a comment from a Doge-themed account. However, the account opined that he had taken to operating the Dogecoin like one of his own companies. In addition they said that he would effectively become the project CEO.
The account’s comment framed his influence as something to be celebrated. But the self-proclaimed “Doge father” issued a reminder that he is not the boss and that no one answers to him. In addition, he said that Dogecoin has no formal organization. Moreover, he said that no one reports him, so his ability to take action is limited.
Finder, a comparison website conducted a survey in Australia. The results revealed that more than 50% of the respondents believe Elon Musk to be the inventor of Bitcoin. Survey results also suggests that his recent Dogecoin reminder might be well judged.
Dogecoin is a meme in the form of a cryptocurrency. Billy Markus and Jackson Palmer created it for purely humorous reasons. After its launch in 2013, the joke eventually faded, and the coin also disappeared into relative obscurity until Elon Musk stumbled across it in 2020.