The Tesla CEO is an ardent fan of the most popular meme-themed cryptocurrency. It is not surprising to see him post a statement about Dogecoin on his official Twitter account.
Elon Musk’s impact on Dogecoin cannot be over-emphasized, considering how his actions influence price trends in the market and how often he assumes the unofficial influencer role for the meme cryptocurrency.
The billionaires’ recent post on Twitter is about the biblical statement on vengeance. He asks if the traditional behavior of giving the other check to continue his aggression on someone is appropriate in this situation.
However, one Twitter commenter jokingly noted that Musk’s statement is a hidden message about Dogecoin, and it points to something only the Tesla boss knows about.
Fans’ Poking Jokes With Musk’s Tweet
According to the tweet released by Musk, giving an aggressor the other check to continue his aggression is a pragmatic idea because doing so puts an end to the cycle of vengeance that the victim might have harbored.
Moreover, a Twitter user with significant followers of more than 232,100 also assumed, albeit jokingly, that Musk’s message concealed something in his statement, and this hidden message, according to the commenter, is “Dogecoin is powerful.”
Another Twitter user refers to the first comment on Musk’s post by saying that the billionaire meant to say Ethereum is powerful, not DOGE.
Musk Still Keeping His DOGE, ETH, and BTC Assets
The billionaire said he was not looking to sell his huge crypto stashes early in the week, including Dogecoin, Bitcoin, and Ethereum tokens.
As a result of Musk’s statement about his cryptocurrency portfolio, the prices of both digital coins shot up temporarily, with DOGE showing a brief rise of 9% and rising by 11 cents on most crypto exchange platforms.
U.Today reported that the main reason that Musk still holds on to his DOGE asset is that he is optimistic that the future of the first meme cryptocurrency is bright and that DOGE is ahead of other cryptocurrencies he has come across.
An interesting thing about both the co-founder of Dogecoin, Billy Markus, and the Tesla boss is that they share the same vision relating to the meme coin, and that is utility. Their motivation is to see the DOGE serve as a diverse utility for use by individuals and businesses in varied ways.
On his part, Markus has previously urged the Dogecoin community to focus on making the token one of the most widely used cryptos in terms of utility instead of directing their energy towards price speculation.
According to the co-founder, what sets DOGE apart from other cryptos is its utility, and this is what he wants the strong community to direct their attention to.
Musk is also not left out of this, as he has previously urged the fast-food giant McDonald’s to start accepting Dogecoin as payment, but the fast-food chain declined his request.
Both Starlink and SpaceX plan to start accepting payments in DOGE.