Seeking Alpha
2022-10-11 19:06:38

Dogecoin: The Surprise Winner Of Elon Musk's Twitter Acquisition

SummaryElon Musk and Twitter look to be finalizing the initial acquisition plan.Twitter rallied while Tesla floundered, but no one is looking at Dogecoin.There is concrete evidence that Musk could be planning to use Dogecoin in the Twitter ecosystem.All money is a social construct, and Twitter is the place where society meets.Thesis SummaryAfter a 180-degree turn, it looks like Elon Musk is going to fulfil his initial promise of buying Twitter, Inc (TWTR) for $44 billion.Since he announced this change of heart last week, the pending trial has been postponed, Twitter has rallied, and the future of Musk, Twitter and Tesla (TSLA) has been the subject of speculation.However, not many have turned around to consider how this will affect Musk's favourite dog-themed cryptocurrency, Dogecoin (DOGE-USD). Musk has expressed his desire to make DOGE an intricate part of the Twitter experience before, and this may now become reality.Although DOGE was started as a joke, we have seen just how much a devoted community can do for a cryptocurrency, and this one has perhaps the most arduous followers.All money is ultimately a social construct, and since Twitter is now society's "town square", this seems like the ideal place for it to flourish.In Case You Didn't KnowHere's a quick recap for those that haven't been following these developments. In April, Musk signed an agreement to buy Twitter for $44 billion. In July, however, he backtracked, citi...

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