Elon Musk is known for a few things in this world. Depending on the value of Tesla’s stock, he sometimes holds the title of ‘world’s richest person’; he is also known as the Founder of the company that made electric cars ‘sexy’. However, in 2021 Musk has added another title to his resumé: DogeCoin (DOGE) CEO.
Ok, he was joking. All the same, though, Elon Musk seems to have developed a bit of an obsession with DogeCoin. The latest examples of this fixation took place over the weekend when Musk posted several DOGE-related tweets.
In one instance, Twitter user @itsALLrisky asked Musk if he would be in favor of a Coinbase listing of DogeCoin. “Hi Elon, I saw a report that Coinbase was used for the Tesla BTC purchase (nice entry btw). Do you think Coinbase should enable dogecoin on their platform? It would enable many folks to easily access DOGE.” Musk simply responded, “Yes!”
— Elon Musk (@elonmusk) March 13, 2021
How Serious Is This?
It has never been totally clear how serious Musk is about DogeCoin.
At one point, Musk commented during a conversation on social networking app, Clubhouse that: “I occasionally make jokes about Dogecoin, but that is because Doge was made to make fun of crypto assets. The most ironic outcome would be that Dogecoin becomes the currency of earth in the future.”
However, not everyone is happy that Musk has been shining such a big light on DOGE.
A user on the r/Cryptocurrency Reddit page, u/Jones9319, said that: “this doge situation is seriously damaging to crypto.”
“Elon Musk literally tweeting ‘Doge’, and it skyrocketing the way it has is just giving more reasons for governments to take legal action against crypto,” u/Jones9319 wrote.
“So many will lose money from this and any credibility Elon Musk has about crypto will be gone. The whole doge thing is funny, sure, but I’m not sure we want mainstream media using it to define crypto as a literal joke.”