The billionaire CEO of Tesla and SpaceX, who is also a prolific Twitter user, is taking cryptocurrency to the next level, and now, it seems crypto will be more popular among Twitter users.
Some weeks ago, Elon Musk bought 9.2% of Twitter for ~ $3 Billion dollars, and now, he is the company’s biggest shareholder, that is 4x more than Jack (just like that?), the founder of Twitter who owns ~2.25%. Elon Musk’s decision to own a share in the company seems to be prompted by his thirst for free speech, and now, we will see how he makes it a reality.
If you are a Dogecoin holder, keep sipping wine while checking your spot wallet, because, your crypto coin is about to be up with some %, following the appointment of Elon Musk on Tuesday to the company’s board of director, he said he is looking forward to working with the board to make “significant improvements in the coming months.” And now, he seems to be making suggestions on the improvement of the App, and also make crypto more popular among the users.
Twitter premium subscription called Twitter Blue, launched June 2021, has special features like undo Tweet, customized Twitter app icons, and ability to add bookmarks, however, on Saturday, Musk suggested in a series of tweets that there should be no ads and the price be cut. Additionally, he suggested Dogecoin as a means of payment.
“Everyone who signs up for Twitter Blue (ie pays $3/month) should get an authentication checkmark,” he tweeted.
“Price should probably be ~$2/month, but paid 12 months up front & account doesn’t get checkmark for 60 days (watch for CC chargebacks) & suspended with no refund if used for scam/spam,” he said.
“And no ads. The power of corporations to dictate policy is greatly enhanced if Twitter depends on advertising money to survive,” he added.
He also proposed that the pricing “should be proportionate to affordability & in local currency.”
“Maybe even an option to pay in Doge?” he suggested, referring to the cryptocurrency.
As it stands, Twitter Blue service is only available in the US, Canada, New Zealand, and Australia.
Over the years, Elon Musk has been a vocal supporter of Dogecoin, he has managed to pump the price of the coin many times, either through his tweets or some other activities, for instance, on April 8, he featured Dogecoin’s Shiba Inu dog mascot in the “Cyber Rodeo” event at the launch of Tesla’s new gigafactory, which caused a significant rise in the price of Dogecoin.
Also, according to Musk, Tesla is working on futuristic charging stations of which users will be allowed to pay in Doge. Hitherto, Dogecoin is one of the top ten largest digital assets by market cap, all thanks to the self-proclaimed “Dogefather.”
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