Sat 15 Jun 2024 ▪3min read ▪ byLuc Jose A.
Elon Musk, a prominent figure in the tech sector, is often at the center of discussions about cryptos. Recently, Charles Hoskinson put forward a bold hypothesis: what if Musk owned a major share of Dogecoin? Without proof, this supposition raises more questions than it answers.
Musk’s Alleged Disinterest in Cardano
In a recent appearance on the podcast The Thinking Crypto, Charles Hoskinson, the founder of Cardano, discussed with the host Tony Edward the possibilities of collaboration between Cardano and Elon Musk. However, he revealed a notable lack of interest from the Tesla CEO in his network. This disinterest could be attributed to his investment in Dogecoin. Hoskinson expressed his bewilderment over what he called Musk’s “bizarre fetish” for Dogecoin, highlighting a potential divergence of interests between these two influential tech personalities.
The Cardano network is gearing up for significant transformations. The Voltaire update scheduled for June, now imminent, is one such major change. This evolution is supposed to address existing challenges under the guidance of the firm Input-Output Global (IOG), thus raising expectations around its future capabilities. Advances that are apparently not sufficient to attract Elon Musk’s attention.
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Charles Hoskinson stirred the waters by suggesting that Elon Musk could hold up to 20% of the total Dogecoins. This bold statement, while unfounded according to Hoskinson himself, has intensified speculation about Musk’s actual involvement in this memecoin.
The Tesla CEO, once nicknamed “the Dogefather,” recently confirmed owning a significant share of this crypto. Additionally, he revealed that SpaceX also holds bitcoins, broadening the perspective on his companies’ crypto investment strategies.
The link between Elon Musk and Dogecoin has always been clear, his influence on this crypto market often demonstrated by price fluctuations following his tweets or statements. However, Charles Hoskinson’s speculation brings back questions about the exact extent of this engagement. This statement highlights the impact of tech personalities on market perceptions, as well as the need for transparency in public figures’ investments in the cryptosphere.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019.Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
