As per Elon Musk’s biography, Musk funded silently in the development of Dogecoin payment.
Elon Musk is a popular person in the world. In the crypto sector, Musk officially jumped in 2020 and brought a big Bitcoin & Dogecoin rally, as he announced Bitcoin purchase news by Tesla & SpaceX. In the same year (2021), Tesla started accepting Bitcoin as an alternative payment option but a few months later suspended Bitcoin payment, citing high network fees of the Bitcoin network & carbon footprint levels because of bitcoin mining activities.
As per media reports, Elon Musk’s biography will be published on 12 Sep 2023. A small part of this biography came into the public domain and confirmed that Dogecoin (Doge) also has some space in a corner in Musk’s biography.
As per available information, Elon Musk jokingly passed a statement in favour of Dogecoin (Doge), as the future’s best crypto payment token.
Popular Chinese crypto blogger Colin Wu shared this information on 2 Sep 2023, on behalf of a report from the Wall Street Journal (WSJ).
Following this news, the trade price of Dogecoin saw a small up & down & finally relaxed, as we can see in the trade price graph.
In between 2019 to the date, Musk passed several statements to support Dogecoin. It was only Musk, who established a new Dogecoin foundation to push the new development works under the Dogecoin ecosystem so that the efficiency of the Dogecoin network could be increased significantly.
Personally, the Tesla CEO Musk holds Bitcoin, Ethereum, & Dogecoin. Once he shared his opinion (Q4 2020) on crypto investment & said that investment in huge numbers of crypto assets doesn’t remain better. Since the beginning, Musk suggested people not invest in money in Crypto in big amount, instead suggested nvesting in very small amounts to remain away from any big financial loss.