In a response to a recent tweet posted by Dogecoin creator Billy Markus, Tesla CEO Elon Musk has opined that meme cryptocurrency Dogecoin would definitely gain more utility if more businesses started accepting it.
The world’s richest person also added that using Dogecoin for tipping creators would be “nice.”
However, Musk argues that creating a bridge between Ethereum and Bitcoin is not needed despite potential use cases in the web3 sector.
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Musk is currently attempting to pull off a hostile takeover of Twitter with a whopping $43 billion bid, which he offered earlier this month. However, his cryptic “moving on” tweet prompted speculation about whether or not the controversial entrepreneur has decided to back down from his audacious plan.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team