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The <\/span>much-anticipated biography<\/span><\/a> 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 <\/a><\/span>Dogecoin<\/span> and how he has contributed to its growth.<\/span><\/p>\n 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 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>buy Twitter, which he eventually did<\/span><\/a>.<\/span><\/p>\n 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>Musk incorporate the meme coin into the payment system<\/span><\/a> he intends to build on the X (formerly Twitter) platform.\u00a0<\/span><\/p>\n 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>tweet<\/span><\/a> of this pet dog with the caption, \u201cThe new CEO of Twitter..\u201d<\/span><\/p>\n 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 The world\u2019s 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>\n Beyond his fondness for the meme token, Musk is <\/span>reportedly invested in Dogecoin\u2019s development<\/span><\/a>. 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 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>positing<\/span><\/a> that Elon Musk will make the token \u201cthe official currency of X and earth in the future.\u201d<\/span><\/p>\n While this may seem farfetched to many, Musk is already taking steps that could place Dogecoin on the global stage. His X platform <\/span>recently acquired licenses<\/span><\/a> 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>\nMusk\u2019s Love For Dogecoin Runs Deep<\/h2>\n
DOGE price still trading sideways at $0.06 | Source: DOGEUSD on Tradingview.com<\/a><\/pre>\n
DOGE Is An Investment<\/h2>\n