Elon Musk promised to fund Dogecoin, now the foundation may dissolve
While Elon Musk ’s infatuation with satirical dog-themed crypto Dogecoin is well documented, the truth around his role in the project’s funding is less cut and dried. On the one hand, American author Water Issacson’s Elon Musk biography discusses at length the controversial billionaire’s financial support for the project, while in a 2021 Decrypt article, Dogecoin Foundation director Ross Nicoll claims that it turned down his offer despite working closely with the Tesla founder since 2019. Whatever the truth, Musk’s admiration for the project is clear for all to see. Indeed, he even spent much of his appearance on Saturday Night Live promoting it. Not only that, Jared Birchall, who runs Musk’s family office, was also listed on the advisory board of the Dogecoin Foundation (though Musk would later take to Twitter — now X — to deny that Birchall or himself had any association with it). Neither Jared, nor me, nor anyone I know has anything t...