We Found 4 Excerpts From Elon Musk's Biography That Mention Dogecoin While Bitcoin Takes A Back Seat

The long-awaited biography of Elon Musk, penned by Walter Isaacson and finally unveiled on Tuesday, offers insights into Musk’s relationship with the meme cryptocurrency, Dogecoin DOGE/USD.

We found four key excerpts from the biography that delve into Musk’s bond with the meme cryptocurrency:

1. Kimbal thought that it would be better for his brother to start his own social media platform based on the blockchain. Perhaps it could include a payment system using Dogecoin, Elon mused. After brunch, he sent Kimbal a few texts fleshing out the idea for “a blockchain social media system that does both payments and short text messages like Twitter.” Because there would be no central server, “there’d be no throat to choke, so free speech is guaranteed.” The other option, Elon said, was not merely to join the board of Twitter but to buy it. “I began to believe that Twitter…'

Musk had lunch with his brother Kimbal, who suggested the idea of starting a new social-media platform based on the blockchain. Musk got intrigued and mentioned incorporating Dogecoin, the cryptocurrency he had been funding, as a payment system for the platform.

       2.“One person who was eager to be in the deal was Sam Bankman-Fried, the soon-to-be-disgraced founder of the cryptocurrency exchange FTX, who believed that Twitter could be rebuilt on the blockchain… Musk had discussed with Kimbal and others the possibility of using the blockchain as a backbone for Twitter. But despite the fun he had with Dogecoin and other cryptocurrencies, he was not a blockchain acolyte and he felt it would be too sluggish to support fast-paced Twitter postings.”

Despite his interest in cryptocurrencies like Dogecoin, Musk was skeptical about using blockchain as the backbone for Twitter. Bankman-Fried, on the other hand, was enthusiastic about incorporating blockchain into Twitter and saw it as an opportunity to rebuild the platform.

    3. Musk had just sent his plane to pick up a Shiba Inu dog he had just bought, named Floki, the breed that is the face of the Dogecoin cryptocurrency. He also brought his other dog, Marvin, who did not get along with Floki. Neither were housebroken. Maye’s apartment became a two-bedroom circus. 

It highlights a particular incident shortly after attending the Burning Man festival, where Musk and Grimes flew from south Texas to New York for the Met Gala. They stayed at Grimes' mother's small apartment in Greenwich Village, where Musk had just brought along a Shiba Inu puppy named Floki.

    4. “The parking area was festooned with art installations like those at Burning Man, arcade games, bandstands, a mechanical bull, a giant rubber duck, and two towering Tesla coils. Inside, parts of the factory were staged to look like a nightclub. Kimbal helped put together a drone show that featured the likenesses of Nikola Tesla, the Dogecoin dog mascot, and a Cybertruck in the night sky. Celebrities included Harrison Ford, Spike Lee, and the artist Beeple, who had created an installation.”

Orchestrated by Elon Musk’s brother, Kimbal, this grand spectacle showcased a drone show, incorporating elements tied to Musk’s ventures. From the iconic figure of Nikola Tesla to Doge mascot and even a Cybertruck, this event became a convergence of technology, artistry, and entertainment.

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Why It Matters: It is worth noting that Bitcoin BTC/USD had no mention whatsoever in the Issacon written biography of Musk.

Over the course of two years, Isaacson immersed himself in Elon Musk's world, shadowing him and closely studying his mind and daily activities.

Isaacson conducted comprehensive interviews with Musk's family, friends, colleagues, and even rivals, aiming to comprehend the multifaceted nature of one of the world's greatest minds.

Price Action: At the time of writing, DOGE was trading at $0.060, down 0.98% in the last 24 hours, according to Benzinga Pro.

Photo by Vitalii Stock on Shutterstock

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