Elon Musk, a well-known figure in the technology industry, frequently finds himself at the heart of conversations about cryptocurrencies. Recently, Charles Hoskinson, the founder of Cardano, proposed an intriguing theory: what if Musk owns a significant portion of Dogecoin? This idea, lacking concrete evidence, generates more curiosity than it resolves.

In a recent episode of the podcast “The Thinking Crypto,” Charles Hoskinson spoke with host Tony Edward about potential collaborations between Cardano and Elon Musk. Hoskinson revealed that Musk has shown little interest in Cardano, which he speculates might be due to Musk’s investment in Dogecoin. Hoskinson expressed his puzzlement over Musk’s strong fascination with Dogecoin, describing it as a “bizarre fetish,” suggesting a clear difference in interests between these two tech giants.

Cardano is preparing for major updates, with the Voltaire update set for June being one of the most significant changes on the horizon. This update aims to address current challenges under the leadership of Input-Output Global (IOG), the firm behind Cardano. Despite these advancements, it seems they aren’t enough to capture Elon Musk’s attention.

Hoskinson sparked considerable discussion by suggesting that Musk might own up to 20% of all Dogecoin. Although Hoskinson himself admits there is no evidence to support this claim, it has fueled speculation about Musk’s real involvement in this popular cryptocurrency.

Elon Musk, often referred to as “the Dogefather,” has confirmed owning a substantial amount of Dogecoin. Additionally, he has disclosed that his company SpaceX also holds Bitcoin, indicating a broader strategy in cryptocurrency investments.

The connection between Elon Musk and Dogecoin is well-established. His influence on the crypto market is evident, with Dogecoin’s price often reacting to his tweets or public comments. Hoskinson’s speculation raises questions about the true extent of Musk’s involvement with Dogecoin, emphasizing the significant impact tech personalities can have on market perceptions and the importance of transparency regarding their investments in the crypto space.