In the "Saturday Night Live" talk show, Musk said: "(Dogecoin) This is the future of money. It is an unstoppable financial tool that will rule the world." He also added that Dogecoin As real as a dollar bill.

So here comes the question, if Musk takes Dogecoin as a career like Tesla, then I believe he will do better than V God, and it is entirely possible for Dogecoin to reach the top of the market value. However, is Musk using Dogecoin as a machine to bypass sec to make money to support the dream of Mars, the resurrection of dinosaurs, brain-computer interfaces and other technological leaps, or is he preparing to lead the original Dogecoin team to concentrate on digital development? currency?

(Thanks to the Roast Boy Creators Alliance for supporting this article)

(Thanks to the Roast Boy Creators Alliance for supporting this article)

We know that Dogecoin not only has a low unit price, but also has a large audience and is almost decentralized. At the same time, it has its own meme attribute and tipping culture. It is not difficult to understand why Dogecoin has become an excellent target for Musk’s experiments.

• Low unit price and wide audience: In 2019, most of the prices of dogs were still fluctuating between 0.002-0.005U, but no one thought that the market value of this kind of thing, which was originally just for fun and entertainment, had reached nearly 60 billion US dollars.

• Almost decentralized: Although there are still early giant whale addresses, the founders have long had no Dogecoin.

• Meme attributes and tipping culture: the logo of the dog head can even interact wonderfully with cutting-edge technologies such as Musk's Mars.

Cat Buboo, a Forbes contributor and former Loopring content director, said, "If the encrypted world still becomes a quantum field of influence in the end, then it is foreseeable that the blockchain will move from the ideal of decentralization to centralization just like the Internet did back then. embrace."

This has already happened in many projects that claim to be decentralized community governance.

So, will Musk, who is wielding a big stick of influence, choose to target the next 100 times currency in the upcoming bear market cycle?

First of all, we need to understand who the supporters of Dogecoin are. The supporters and main investors of Dogecoin are fans of Musk, or the funds that have made profits on Tesla and Bitcoin. Dogecoin is essentially a large block, inflationary Bitcoin, which has not been favored by the industry for many years. But because of the main points of the above analysis, and the blessing of super idol, the richest man in the world called for orders, so there is the madness of Dogecoin.

It can also be said that Dogecoin is a bond-type NFT of Musk’s own wealth experience. It has basically imported all of Musk’s personal IP and fan funds. At the same time, this part of the funds has also brought a large amount of admission funds and profit.

It is conceivable that Musk will inevitably aim at a currency with a lower market value during the bear market cycle, graft it with his own brain computer and other businesses, and even issue an anchored token.

Although Musk said that he would not issue tokens by himself, the self-issuance here refers to the common personal IP type tokens. As a person who has bigger ambitions and can realize them one by one, publishing with personal IP is not an interesting thing.

From trying to influence the market, to influencing the single currency of Dogecoin, to creating miracles in the bear market cycle, and finally to issuing by itself and surrounding and grafting its own business ecology. Cat Buboo, a Forbes contributor and former Loopring content director, believes that this is Musk’s complete experiment step by step.

And Dogecoin is just the beginning.