“Fundamentally, Dogecoin in and of itself is a joke.
Still, “whether or not this is all one big joke is a tricky question,” Gouran stated further. While my reach or influence is nowhere near that of Elon Musk’s, I also have a reputation to uphold and can confidently provide a ‘conditionally’ positive rating of Dogecoin as a cryptocurrency.” “He does not operate in the shadows or under a pseudonym, nor does he depend on crypto picks to make a living considering he is the head of the world’s most prolific firms with a market cap of over USD $800 billion,” Gouran added.Īs such, “Hundreds of millions of people around the world treat him as a prophet of investing, and I believe it goes without saying that he would not stake that on something he was not serious about. Shidan Gouran, Chief Executive of Gulf Pearl, told Finance Magnates that: “the difference between Elon Musk and the vast majority of cryptocurrency experts out there is that Elon Musk has the most to lose in terms of reputation and credibility.” Shidan Gouran, Chief Executive of merchant banking advisory, Gulf Pearl. “I hope they do!” He tweeted, referring to the SEC. However, Musk appeared to take the rumours in stride. Rumours that the SEC would be probing Musk over the tweets were reported by newswire service, First Squawk, which cited sources familiar with the matter in late February. Musk also recently said that he believes that Dogecoin should be listed on Coinbase.Įventually, Musk's fixation with Dogecoin seemed as though it may have landed him in hot water. However, over time, some of the statements that he has made about Dogecoin appear to be fairly serious.įor example, on February 15th, Musk tweeted that he was willing to buy out Dogecoin whales in order to make DOGE a less-centralized asset. Musk’s fascination with DOGE seems to have started as a joke.
It has been unclear exactly what Elon Musk is after with his very public fixation on Dogecoin. Then, on March 8th, Mark Cuban bragged that his basketball club, the Dallas Mavericks, was the largest Dogecoin merchant in the world. FK6spgS7ZM- Gene Simmons February 6, 2021