Cardano’s founder, Charles Hoskinson, playfully questioned whether Elon Musk, the CEO of Tesla and an American businessman, possesses 20% of the Dogecoin supply. This playful jab was made during a recent interview on The Thinking Crypto podcast on YouTube, where Hoskinson and host Tony Edward delved into various topics related to Cardano, such as the upcoming Chang hard fork, the Midnight airdrop, memecoins, developer activities, and regulatory challenges with the U.S. SEC and CFTC.
During the interview, Edward mentioned that many supporters were curious about potential partnerships between IOG and Elon Musk. The speculation revolved around the possibility of a collaboration where Musk could utilize the midnight sidechain for future projects related to SpaceX, Tesla, or X.
Hoskinson clarified that there is no formal partnership between Cardano and Musk. However, he highlighted that both entities share common ground in some areas of their work. Despite extending a hand for collaboration on various issues, including addressing bot problems on X, there has been no response from Musk’s end.
Hoskinson expressed his admiration for Musk’s business acumen and innovative spirit, mentioning that he would be willing to support Musk’s endeavors to ensure the success of the social platform X. Despite Cardano’s and Hoskinson’s established presence in the crypto community, Musk has not acknowledged them, leading Hoskinson to speculate that individuals in Musk’s circle might be advising against any interaction with Cardano.
Furthermore, Hoskinson pointed out Musk’s fascination with Dogecoin and questioned the reason behind his strong affinity for the meme cryptocurrency. Musk’s promotion of Dogecoin has played a significant role in its surge in value, reaching an all-time high of $0.73 in May 2021. The Ethereum co-founder pondered whether Musk’s enthusiasm for Dogecoin stems from his ownership of a substantial portion of its supply or his fondness for the DOGE logo featuring the late meme sensation Kabosu.
While some Dogecoin investors have filed lawsuits against Musk for losses incurred due to his promotion of the cryptocurrency, Musk has clarified that he never encouraged anyone to invest in crypto. Despite the speculation surrounding Musk’s holdings, the exact amount of Dogecoin he owns remains undisclosed.
It is important to note that the figures mentioned in the interview were presented in a light-hearted manner and should not be interpreted as factual information. As always, readers are advised to conduct their own research before making any investment decisions. This article is for informational purposes only and does not constitute financial advice.