Barry Silbert, the creator and CEO of Digital Currency Group, has indicated that he had recently considered purchasing Dogecoin.
In a Monday tweet, Silbert said he couldn’t believe the concept of buying DOGE even occurred to him. This statement was made shortly after Elon Musk, Dogecoin’s largest supporter, purchased Twitter for $44 billion. Once the purchase is completed, Twitter will become a privately held firm.
Since rumours of a possible partnership broke yesterday, Dogecoin, which is prone to reacting to Musk’s accomplishments and DOGE-related endorsements, has shot upward.
Musk has previously suggested that Dogecoin may be used to pay for Twitter Blue subscriptions. Furthermore, Twitter currently allows bitcoin and ethereum tipping, and others believe it’s just a matter of time before the social media network adds Dogecoin functionality under Musk’s supervision.
This isn’t the first time Silbert has mentioned Dogecoin on Twitter. For example, Elon Musk disclosed he had shorted DOGE using Dogebear, a 3x leveraged ERC-20 short token that was trading on the FTX crypto market soon before his debut SNL performance on NBC in May 2021. He then recommended Dogecoin holders change their shares to bitcoin, promising to contribute any profits to “financial education and bitcoin-related charities” if they did so.
Read more: Dogecoin price surges after NYT reports of Twitter board accepting Elon’s offer
