The Artificial Intelligence (AI) chatbot developed by xAI, Elon Musk’s company, Grok, recently elevated the meme coin Dogecoin (DOGE) and elected it as the best cryptocurrency for the X application.
The comment came in response to CryptoQuant CEO Ki Young Ju, who asked the Grok chatbot: “What is the best cryptocurrency for Twitter?” In responding, Grok stated:
“The best cryptocurrency for Twitter would be Dogecoin. Elon Musk, the owner of Twitter, has openly supported Dogecoin and even mentioned it in several of his tweets. This has led to a rise in its popularity and adoption. Additionally, the Dogecoin community is very active on Twitter, making it a great option for anyone looking to interact with other crypto enthusiasts.”
— Ki Young Ju (@ki_young_ju) January 15, 2024
Elon Musk, owner of X (formerly Twitter), is a cryptocurrency enthusiast and supporter of the Dogecoin meme coin. There is an expectation from the DOGE community that X will integrate Dogecoin as a payment method on the platform in the future.
It is worth remembering that, previously, Musk revealed his plans to launch payment services on the platform, possibly in 2024, during a conversation with Cathie Wood, from ARK Invest. In his prediction for the launch of the service, Musk advanced his estimate for it to happen in mid-2024, depending on the approval of money transmission license requests for the platform.
Elon Musk and Dogecoin 2024: A Expanding Synergy Toward P2P Payments
In an increasingly digitalized landscape, Elon Musk, the visionary CEO of Tesla and SpaceX, continues to demonstrate strong support for Dogecoin, a cryptocurrency that started as a meme and now stands out in the crypto market. While Musk maintains his significant personal position in Dogecoin, his company SpaceX holds an impressive Bitcoin portfolio, underscoring Musk’s confidence in the diversified potential of cryptocurrencies.
This stance by Musk comes at a crucial time, with his social media platform, X (formerly known as Twitter), preparing to introduce an innovative peer-to-peer (P2P) payment system. The cryptocurrency world eagerly awaits to see whether Dogecoin will be an integral part of this new system, potentially expanding its applications and increasing its value.
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.