The most important factor that makes Twitter so powerful is the free expression of ideas. Moreover, the 140 character limit allows users to express themselves in the best way with short words. There is even a perception that more elite people use Twitter for this reason. Of course, this is a superstition. As with all social media sites, it is possible to find all kinds of people on Twitter.

Let’s come to the issue of Elon Musk and Twitter. Musk has made a name for himself with the investments he has made. Space studies, car manufacturing, crypto money, green energy etc. It seems that it set out to invest in every field that people are interested in. It’s like getting all the attention rather than making money. The basis of this desire is to buy a social media site.

Instagram is owned by Facebook and Youtube is owned by Google. While these companies are quite costly to acquire, the easiest social media site to have among them seems to be Twitter. That’s why Elon Musk has a goal of owning Twitter.

First rejection of Elon Musk’s Twitter offer

He managed to become a 9% shareholder of Twitter without telling anyone. However, his offer for more was not considered sufficient. Moreover, it is very difficult to take this power from the hands of Twitter shareholders, who have billion-dollar fortunes.

Alwaleed Bin Tallal is an investor from Saudi Arabia. He is ranked 45th in the real-time list of the richest people in the world published by the business magazine Forbes, with a fortune of 17.2 billion dollars. He is also a 5% shareholder of Twitter. He was the first to reject Elon Musk’s offer for Twitter shares.

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What’s Doge Coin

Elon Musk is the most important person who has made Doge Coin so popular in recent years. Musk’s views on this memecoin caused its price to rise. Investors “What is DogeCoin? How to get it?” he’s doing research.

Doge, which was released in 2013 and has a photo of a Shiba Inu dog on it, was released as a joke cryptocurrency. It is currently traded on many cryptocurrency exchanges. Tesla CEO Elon Musk’s investment in Doge coin is the biggest reason why it is preferred by investors.

Rise of the Doge

Support by Elon Musk has pushed up the price of Doge Coin. In this way, it became one of the important cryptocurrencies supported in the market. Elon Musk is seen as the father of Doge, which attracts the attention of investors. It would be more accurate to say stepfather

The most important issue that those who invest by relying on Musk’s advice complain about Musk’s constant change of mind. One day he may complain about energy efficiency and the next he may say he will sell cars with cryptocurrency. Because of this situation, investors do not keep their long-term investments in Doge Coin.

Doge Coin got its share from the rise seen in all crypto assets. The rise in Bitcoin makes its altcoins gain value. That’s why Doge Coin is on the rise.

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The Central American country of El Salvador started using the cryptocurrency Bitcoin as its legal currency in September. Thus, El Salvador became the first country to accept Bitcoin as its official currency. According to the new law in the country, all businesses accept payments made in US Dollars as well as Bitcoin.
Businesses that do not accept Bitcoin face penalties. Foreigners who invest 3 Bitcoin in Salvador can obtain a residence permit.

El Salvador President Nayib Bukele, one of the first to consider Bitcoin as an opportunity, evaluated the decline in Bitcoin prices and made a repurchase. He sees buying BTC at a low price as an opportunity. In his post on his Twitter account, Bukele said, “El Salvador bought it at a low price. We bought 150 Bitcoins for 48 thousand 670 dollars.”

It remains to be seen how other investors will decide. In particular, it is wondered in which direction Elon Musk will move. Although Musk supports DOGE, which has the status of Memecoin, he has not been able to give up on Bitcoin. Frequent change of decision on cryptocurrencies can cause sudden decreases and rises.

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