‘DogeCoin Has Potential’ Says Musk While Twitter Deal is on Hold

Source : coinquora.com

  • Elon Musk says DogeCoin has potential as a currency.
  • He also reaffirmed the All-In Summit.
  • Meanwhile, the Twitter deal is still put on hold.

Tesla and SpaceX CEO, Elon Musk, affirms an already said statement of his regarding DogeCoin, where he said that the coin “has potential as a currency”. The statement came first in a tweet from the creator of DogeCoin, Billy Markus, yet Musk reaffirmed this statement as he guested on the All-In Summit.

The tweet started with Markus saying “the reason I like DogeCoin is because it knows it is stupid,” Musk replied saying “it has potential as a currency.”

dogecoin

However, on May 16, another tweet was shared by Dr. Julian Hosp, the CEO of CakeDeFi. The tweet said that Musk talked about the possibility of integrating DogeCoin with a social media app to create “Wechat-like super app.”

In contrast, Musk has already stated that Bitcoin is a better suit as a store of value, while back in February, 2022, Musk tweeted “Dogecoin is the people’s crypto”.

In other news, Musk announced that his plans to buy Twitter, the social network, were put off until Twitter’s CEO comes forward with real numbers of the fake, spam, or bot accounts, this happened after the CEO refused to show proof of their claims which state that only 5% of their users are fake/scam accounts.

Musk insisted that the sale won’t happen before resolving this problem, as the estimated number according to Musk’s tweet is 20%. This fact may raise many questions, yet a lot of them are legit enough.

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