Recently, a famous crypto Youtuber took the time to calculate Elon Musk’s net worth in Dogecoin, sparking amusement and a reply from the billionaire himself. Musk is currently worth over 200 billion dollars and the YouTuber calculated that to about 861 billion DOGE at the current USDT/DOGE rate.
This prompted a reply from the billionaire, stating that he hopes to use that wealth to move humanity to Mars. Musk, an avid DOGE supporter, has been very vocal about his love for the former meme coin as well as his end goal of exploring the world outside of earth. So far he has made considerable progress on both fronts.
Since he started tweeting his thoughts and support about the coin late last year, it has gained massive amounts of value, minting millionaires and bringing creators of the coin out of relative obscurity. The Dogecoin Foundation, a board of members to push the coin forward, has also been re-established recently, attracting the support and membership of Ethereum founder, Vitalik Buterin.
His vision of exploring the stars has also made considerable progress over the past few years with SpaceX slowly becoming a well-recognized name and Musk’s space expeditions gaining notoriety.
While the total amount of Doge owned by the billionaire is still unknown, many speculate that he is probably one of the largest DOGE holders on the planet. The millionaire himself has confirmed owning some of the coin and truly it would be difficult to imagine that with the amount of weight he has thrown behind it he would not hold a substantial amount. Still, the boost he brings to the coin is welcomed by many.
Musk Continues To Push For Dogecoin Development
Amidst the Dogecoin hype and profits, the billionaire seems genuinely interested in the future development of the coin. Since he started to throw his weight behind it, even coining himself as ‘the Dogefather’ (a pun based on the Godfather), he has regularly made efforts to improve the coin’s mechanisms.
Most recently, he took to Twitter to stress the importance of lowering the coin’s transaction fees. For Doge to be used as a payment method, he believes it has to be improved. AMC CEO Adam Aron recently announced that the movie company will begin working on adopting Dogecoin, which prompted Musk’s most recent tweet.
According to the CEO of the country’s largest movie theater chain, Bitcoin and a few major cryptocurrencies will be supported by the end of this year. According to Aron, he is overjoyed that Musk favored his Dogecoin Twitter poll. He expressed his admiration for Musk’s achievements with Tesla and SpaceX.
In addition, Billy Markus, the Dogecoin co-founder along with Musk have tweeted in support of Doge users running their own nodes. This development could be crucial in the adoption of low fees. It comes as a new addition in the latest Dogecoin update which Markus urged people to upgrade to.
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