Elon Musk's Biography Reveals Details Of His Involvement With Dogecoin
Elon Musk's upcoming biography covers the billionaire's involvement in the Dogecoin ecosystem, plans for a blockchain-based social network launching, and the case of Sam Bankman-Fried, who tried to help Musk acquire Twitter.
Elon Musk's biography comes out on 12 September. Author Walter Isaacson invites us to take a fresh look at the most high-profile event in Musk's career. In an exclusive interview for WSJ, timed to coincide with the book's release, Isaacson shares some new details from the biography.
On 31 March 2022, Musk arranges a secret meeting with Twitter CEO Parag Agrawal. In an upcoming book, Musk described him as a nice guy, but that quality alone is not enough to run Twitter. According to the billionaire, "What Twitter needs is a fire-breathing dragon, and Parag is not that."
On 1 April 2022, over lunch with his brother, Musk shared the idea of creating a blockchain-based social network. The conversation included the amusing idea of introducing Dogecoin into the social network as the underlying cryptocurrency. What happens next is what came to light last year, when details of a lawsuit between Musk and Twitter management were revealed. After lunch, he sent a message to his brother detailing the concept of his idea.
The biography also touches on the story of Sam Bankman-Fried's appearance in Musk's deal with Twitter. It is known that Elon Musk's banker Morgan Stanley advised the billionaire to turn to Bankman-Fried for technical expertise regarding the blockchain rollout on the platform. The former FTX CEO could also invest $5bn in Musk's new venture.
However, Musk did not like this idea and replied to his banker that blockchain-based Twitter was impossible. Bankman-Fried offered to convert his $100 million worth of shares into a stake in the company. Musk agreed, but the subsequent ambiguous behavior of the former FTX owner forced Elon Musk to drop the idea. The billionaire then called Bankman-Fried a nutcase.
Isaacson promises to reveal details of Musk's interest in the Dogecoin ecosystem, which could shake up the entire crypto community and put an end to long-standing speculation. Every new interaction Musk has had with DOGE has caused a spike in the token's price. Many are keeping a close eye on the market, waiting for Dogecoin's performance after the release of Elon Musk's biography.
