What does Musk get out of all of this? I think I figured it out. [View all]

[genxlib]

In a nut shell, it is all one giant crypto price manipulation scheme. And its working.

In order to understand this all, it is important to understand the meaning of the term DOGE. At first it was an incredibly popular meme. Then someone created a cryptocurrency called DOGECoin as a joke. But the internet has a fascination with both stupid memes and crypto so that "joke" caught on and became a run away success in the crypto marketplace. And since Musk sits at the center of the dude-bro internet world, he thinks DOGECoin is great and has been pumping it up for years.

And thus begins a whole series of Musk actions that elevated the Crypto currency. He is so tied into this currency that every single spike in its value can be traced to him. https://www.google.com/finance/quote/DOGE-USD?window=5Y

-Musk tweets about Dogecoin causing it to spike https://www.nasdaq.com/articles/if-you-invested-$100-in-dogecoin-when-elon-musk-first-tweeted-about-the-crypto-heres-how

-Twitter changes it's logo to the DOGE logo https://www.cnbc.com/2023/04/03/dogecoin-jumps-over-30percent-after-twitter-changes-logo-to-doges-symbol.html

-Rumors on Twitter trading crypto https://www.the-independent.com/tech/dogecoin-price-x-elon-musk-crypto-b2518052.html

Musk was sued about it https://www.reuters.com/legal/lawsuit-claiming-elon-musk-rigged-dogecoin-ends-2024-11-15/ but was unsuccessful because... reasons. It finally got dropped from appeal just this week because I guess the writing was on the wall.

All of which leads to his current assignment. Naming the committee DOGE was a huge boost to the attention of DOGEcoin. Not to mention the fact that he has been undermining the US currency by warning of US bankruptcy that can only be rescued by DOGE. As you can imagine, DOGECoin spiked about 400% in the last month.
https://www.forbes.com/sites/digital-assets/2024/11/06/100000-by-2025-donald-trump-and-elon-musk-fuel-huge-bitcoin-price-predictions-as-dogecoin-soars/

Musk has acknowledged that he owns some DOGECoin but no one knows how much. There is speculation that he owns Billions.

So just imagine if the real value behind Twitter was the ability to manipulate markets. Stock market manipulation for percentage points is for suckers. Why bother when you can toy with crypto for exponential gains by directly manipulating the people most dedicated to you.