Dogecoin saw a 2% increase in value following the revelation in an upcoming biography of Elon Musk that he had been quietly funding the development of the popular meme coin. The book, written by Walter Isaacson and set to be published on September 12, delves into Musk’s financial contributions to Dogecoin and his consideration of a blockchain-based social media platform.
The author’s writings suggest that Musk even entertained the idea of incorporating a payment system using Dogecoin. This news has sparked anticipation among investors and cryptocurrency enthusiasts. Musk’s fondness for Dogecoin has been well-known, with the Tesla CEO previously expressing his support for the cryptocurrency.
The biography promises to offer deep insights into Musk’s life and work, having been meticulously researched through interviews with his family, friends, colleagues, and competitors. The surge in Dogecoin’s value demonstrates the influence Musk’s involvement can have on the cryptocurrency market.
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