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David Gokhshtein Predicts Dogecoin's Use on Twitter, Here's How It Would Play Out

Sun, 11/13/2022 - 15:06
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Tomiwabold Olajide
Tesla boss, Elon Musk, laid out vision for Twitter payments
David Gokhshtein Predicts Dogecoin's Use on Twitter, Here's How It Would Play Out
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David Gokhshtein, the founder of Gokhshtein Media, reiterates his statement that Dogecoin will become the currency of Twitter.

On Oct. 28, coinciding with the time Elon Musk acquired Twitter, Gokhshtein tweeted "DOGE, the official currency of Twitter."

In a recent tweet, Gokhshtein claims that when Elon Musk launches his payment system for Twitter, Dogecoin will be the first currency to be used on the social media network. He cites Elon Musk's statement that he was working on Dogecoin to mean Twitter integration as the justification for this.

"I was surprised that Elon said actually 'dogecoin to the moon!'" he wrote. "He also stated that he into BTC, ETH and obviously DOGE. Said you should have them in your cold wallet and not on an exchange. Said he's working on DOGE, which I believe meant to integrate it on Twitter."

As reported by U.Today, the Tesla boss, Elon Musk, while holding a live conference on Twitter Spaces, informed listeners that he was working on Dogecoin and also exclaimed, "DOGE to the moon." After these words, the Dogecoin price rose by almost 14% before the rebound lost steam.

Musk's vision for Twitter payments

As reported by U.Today, Elon Musk laid out plans for Twitter's business for the first time since taking over the firm, wherein he discussed a vision for Twitter to process payments.

Elon Musk Shares Twitter's Upcoming Plans; Here's Where DOGE's Use Starts

The social media behemoth has taken a step ahead by filing registration paperwork to clear the way for it to receive payments, a filing with the Financial Crimes Enforcement Network, or FinCEN, of the Treasury Department reveals.

However, as it stands, since Elon Musk has not directly mentioned Dogecoin in the scheme of things for the proposed Twitter payments, statements and predictions remain mere speculation.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.