If You Invested $1,000 In Dogecoin When Elon Musk Acquired Twitter, Here's How Much You'd Have Now

The price of Dogecoin DOGE/USD has increased over the past day, which could be for numerous reasons including social media platform X getting closer to launching payments in 2025.

What Happened: Formerly known as Twitter, social media platform X has been transformed since billionaire Elon Musk acquired the platform for $44 billion in 2022.

Musk began acquiring a stake in the company in January 2022 and announced his intent to acquire the company in April 2022. The acquisition was completed in October 2022 and Musk is now the owner of the social media platform.

The acquisition is part of Musk's plan to create what he calls an everything app that will include social media, payments, video and more.

Integration of payments on X has been a hot topic over the years and also helped boost the price of Dogecoin on several occasions. Musk has been a supporter of Dogecoin over the years and there is a long-standing belief that the meme cryptocurrency will be included in X Payments.

Musk previously changed the Twitter logo from the bird to Doge for a short period before changing it back and later changing the logo to an X as the company changed its name to X.

X CEO Linda Yaccarino shared a tweet that suggests X Payments, aka X Money could be nearing a launch.

"2025 X will connect you in ways never thought possible. X TV, X Money, Grok and more. Buckle up. Happy New Year!" Yaccarino tweeted.

That tweet along with the inauguration of Donald Trump as president and Musk as the co-leader of the Department of Government Efficiency with Vivek Ramaswamy later this month could be helping boost the price of Dogecoin.

Dogecoin traded between 15 cents and 18 cents on Nov. 5, the day of the U.S. presidential election. Like many cryptocurrencies, Dogecoin gained in the days and weeks after Trump's victory.

The meme crypto hit a one-year high of $0.4835 in December 2024.

Here's a look back at where Dogecoin traded when Musk acquired Twitter.

Read Also: Dogecoin Down 17% In One Month, Will Meme Crypto Reach 25 Cents Or 69 Cents First? 78% Of Readers Say…

Investing $1,000 in DOGE: Investors who believed that Musk buying social media platform Twitter could be good for the long-term outlook of Dogecoin could have bought the cryptocurrency on Oct. 27, 2022, when the acquisition was closed.

Dogecoin traded as high as $0.084825 on Oct. 27, 2022. A $1,000 investment at the day's highest price could have purchased 11,788.98 DOGE.

Today, the Dogecoin investment would be worth $4,462.13, up 346.2%.

For comparison, the same $1,000 invested in Musk-led Tesla stock would be worth $1,690.17 today, up 69.0%. The same $1,000 invested in the SPDR S&P 500 ETF, which tracks the S&P 500 Index, would be worth $1,525.90 today, up 53.6% over the same time period.

While X Payments may or may not include Dogecoin integration, the meme cryptocurrency will likely see volatility related to items connected to Musk and the social media platform X.

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