"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk said in a statement Monday. Bitcoin's censorship-resistant nature on the surface aligns with Musk's vision for a free speech utopia. I will send a bag of Dogecoin to everyone who retweets this and also tweets out the words: Matt Wallace Dogecoin (You must also search Matt Wallace. Those who hope to see Twitter integrate more crypto native features will be keeping an eye on whether or how Musk prioritizes crypto. In addition to being a dogecoin influencer, Musk's Tesla is one of the biggest corporate buyers of bitcoin. Twitter's former CEO and co-founder, Jack Dorsey, stepped away from the company in November to focus on efforts at his payments company, which has since rebranded to Block (from Square) to reflect broader ambitions in cryptocurrency and blockchain technology. In May of last year, his posts fueled dogecoin's rally to its all-time high of 67 cents, per Coin Metrics. Dogecoin is an open source peer-to-peer cryptocurrency, favored by shibas worldwide. For one, since he did not join the board, he is no longer limited to only. But the social media company may have to listen to Musk. Once news of Dogefather Elon Musk buying Twitter broke, the price of Dogecoin had quickly reacted to it. It gained some relevance last year after the Tesla CEO endorsed it and continued hyping the cryptocurrency on social media.Īround that time, Musk became something of a cryptocurrency market mover with his tweets about dogecoin and bitcoin. There is no indication yet whether Twitter will accept Dogecoin. Meanwhile, Twitter shares ended the day 5.6% higher.ĭogecoin, the original meme asset, is based on the 2013 Internet meme doge and was created in jest in the same year.
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