Elon Musk – the founder and CEO of Tesla and SpaceX – a master of “magic” in cryptocurrency and also the Man of the Year on Time magazine, has perhaps become a familiar figure to the online community over the years. Not only has he shocked many with his statements often deemed “outrageous,” but Elon Musk has also caused countless headaches with his extremely cryptic tweets that have led to the erratic rise and fall of several cryptocurrencies. Among them, Dogecoin stands out, having transformed from an obscure token into one with a certain stature thanks to Musk’s extensive PR efforts.
After a period of silence, recently, Elon Musk has had very few posts or impacts on the cryptocurrency system through his tweets as he used to. At this point, many might think that the billionaire has been busy with other matters, such as spending $3 billion to become a shareholder of Twitter and gradually forgetting about Dogecoin. However, it turns out that everyone was mistaken. It seems that this token holds a significant place in Elon Musk’s heart. Proof of this is that just recently, the billionaire decided to put forth a series of new proposals, including the possibility of using Dogecoin to pay for the Twitter Blue subscription service.
Specifically, regarding the Twitter Blue feature, Elon Musk estimated on his personal page that the subscription fee could be around $2/month. However, users would have an alternative option to purchase it using Dogecoin. In fact, this is not the first time Elon Musk has attempted to make this token meaningful. Previously, he had suggested and even left the door open to allow the purchase of Tesla products using Dogecoin. This is also part of the reason why this token has become so popular so quickly.
And as always, the value of Dogecoin, after Elon Musk’s statement, has shown signs of rising again. While it is not as explosive as before, in the context of a sluggish market, this coin still increased by 10%. Currently, Twitter has declined to comment on Elon Musk’s proposals.
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