Elon Musk, an emblematic figure in the technology sector, is often at the heart of discussions about cryptos. Recently, Charles Hoskinson floated a bold hypothesis: what if Musk owned a major stake in Dogecoin? Without evidence, this assumption raises more questions than it answers.
Musk's supposed disinterest in Cardano
In a recent appearance on The Thinking Crypto podcast, Charles Hoskinson, the founder of Cardano, spoke with host Tony Edward about collaboration possibilities between Cardano and Elon Musk. However, he revealed a notable lack of interest from Tesla's CEO in his network. A lack of interest which could be attributed to his investment in Dogecoin. Hoskinson expressed puzzlement over what he called Musk's “bizarre fetish” for Dogecoin, highlighting a potential divergence of interests between these two influential figures in the tech world.
The Cardano network is preparing for major transformations. The Voltaire update scheduled for June and now imminent is one of these big changes. This development is expected to address existing challenges under the leadership of the Input-Output Global (IOG) firm, thereby raising expectations around its future capabilities. Progress clearly not enough to attract the attention of Elon Musk.
Speculation surrounding Musk's shares in the Dogecoin offering
Charles Hoskinson caused a stir by suggesting that Elon Musk could hold up to 20% of total Dogecoins. This bold statement, although unsubstantiated according to Hoskinson himself, has intensified speculation around Musk's actual involvement in this memecoin.
The CEO of Tesla, once nicknamed “the Dogefather”, recently confirmed that he owns a significant portion of this crypto. Additionally, he revealed that SpaceX also held bitcoin, broadening the perspective on its companies' crypto investment strategies.
The connection between Elon Musk and Dogecoin has always been clear, with his influence on the crypto market often demonstrated by price fluctuations following his tweets or statements. However, Charles Hoskinson's speculation raises questions about the exact extent of this commitment. This statement highlights the impact of tech personalities on market perceptions, but also the need for transparency in the investments of public figures in the cryptosphere.
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