Tesla CEO Elon Musk reminded Twitter followers on Tuesday that despite the recent interest he has shown in Dogecoin (Doge), he still has no formal authority over the project.
Musk was responding to a comment from a Doge-themed account that he thought had started operating Dogecoin as one of his own companies, and that he would effectively become the CEO of the project.
The comment framed Musk’s influence as something to celebrate, but the self-proclaimed “Dogefather” issued a reminder that he’s not really the boss and that no one really responds to him.
Remember that Dogecoin does not have a formal organization and no one informs me, so my ability to take action is limited.
– Elon Musk (@elonmusk) May 25, 2021
“Remember that Dogecoin does not have a formal organization and no one informs me, so my ability to take action is limited,” Musk wrote.
The results of a recent survey conducted in Australia revealed that more than 50% of respondents believed that Elon Musk was the inventor of Bitcoin (BTC), suggesting that his recent reminder of Dogecoin could be well judged.
Dogecoin is a meme in the form of digital currency that was created for purely humorous reasons. After being released in 2013, the joke finally faded and the coin disappeared into relative darkness until Elon Musk ran into it in 2020. Boarding the train of a joke, most of a decade , Musk’s subsequent tweets were credited with pumping Doge’s worth for much of 2021.
Others have blamed Elon Musk for what is perceived as an irresponsible oscillation of digital currency markets. A petition was launched on Change.org amid the fall of the mid-May market demanding that Musk sell his holdings of Bitcoin and strip himself of the digital currency sphere before his tweets cause more shocks. desired.