Cryptocurrency News

Elon Musk reminds followers that he is not really the master of Dogcoin



Tesla CEO Elon Musk reminded Twitter followers on Tuesday that he took to Dogcoin despite recent interest (Doge) He still has no formal authority over the project.

Musk was responding to a comment from a Doge-themed account, stating that he operated Dogcoin like one of his own companies, and had effectively become the CEO of the project.

The comment described Musk’s influence as something to be celebrated, but self-proclaimed “Dogfather“Issued a reminder that he is not really the boss, and no one really answers him.

Musk wrote, “Please note that Dogcoin has no formal organization and no one reports to me, so my ability to take action is limited.”

Results of a recent survey conducted in Australia Revealed that more than 50% of the respondents Elon Musk is considered to be the inventor of bitcoin (B T c), Suggesting that his recent Dogcoin reminder may be judged well.

Dogcoin is a meme as a cryptocurrency that was created for purely humorous reasons. After its launch in 2013, the joke eventually faded, and the coin disappeared into relative obscurity until Elon Musk surpassed it in 2020. The best part of a decade old on the bandwagon of a joke, Musk’s subsequent tweets were credited with pumping. Doge value for most of 2021.

Others have Responsible defect Elon Musk is regarded as an irresponsible dominance of cryptocurrency markets. A petition was launched on Change.org amid a mid-May market crash Musk demands that he sell his bitcoin holdings And before his tweets create more unwanted buzz, divest himself of the cryptocurrency sector.