Elon is no stranger to Bitcoin and other Cryptocurrencies, although most of his experience in Crypto so far has been mitigating scammers demanding ETH on Twitter he understands the core technology behind Bitcoin. He even called the Bitcoin architecture “brilliant” in a recent interview.
After constant pleading from the vocal community of the Cryptosphere, Musk finally took the bait and responded to an April Fool’s poll where he was declared the CEO of Dogecoin by the community. This is ironic given that a decentralized Cryptocurrency is not supposed to have a CEO. Musk won the hearts of the Dogecoin community with 54% of the votes followed by Ethereum creator Vitalik Buterin, Litecoin Creator Charlie Lee and CEO of Metal Payments Marshall Hayner.
Musk also responded to the poll with a meme:
Elon is not only the CEO of Telsa and SpaceX but is also actively involved in companies like Neuralink and the boring company, he added Dogecoin to that list by changing his Twitter status to CEO of Dogecoin for a brief period of time before changing it to “Former CEO of Dogecoin”.
Crypto enthusiasts started responding to Elon with memes and GIFs, creator of Dogecoin Jackson Palmer who had previously helped Elon get rid of the scammers on Twitter responded with a witty tweet referencing to Elon’s previous controversy with the Tesla stock price.
To give you some context, Elon got in trouble for joking on Twitter about taking Tesla private and even paid a hefty fine to the Securities and Exchange Commission (SEC).
What began as a joke once is now being tweeted by personalities like Elon Musk, indeed Dogecoin has come a long way. It is serving its purpose as the leading Cryptocurrency for Memes and humor on the internet.
After yesterday’s run-up DOGE has increased by 28% in value and is currently trading at $0.00325.
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