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When Will the Dogefather Strike?
THIS Is Why the Elon Still Lurks In Crypto's Shadowland
When Elon went on The Joe Rogan Experience in October, he led the episode with a sly Dogecoin reference.
At the end of last week’s newsletter, I urged people to keep their eyes peeled for more Dogely Easter eggs. We didn’t have to wait long.
Let’s take a look at how Elon teased the return of the Dogefather on his latest podcast appearance.
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Last week, Elon continued his rounds on the podcast circuit, appearing on the Lex Fridman Podcast for the fourth time.
The episode opened as Elon whistled the theme to The Godfather without explanation.
For the average viewer, it was a somewhat random homage to a great film. But to those in the know, the reference to his crypto alter-ego, the Dogefather, was unmistakable.
Fridman seemed to get the reference, and urged Elon to keep whistling. Though he has never acknowledged holding Dogecoin, Lex has asked several guests for their opinions on it.
The last time the Dogefather was sighted in public was on May 8, 2021, during Elon’s SNL appearance.
Since then, he has been dropping hints for a while that the Dogefather was not gone, but merely been lurking in the background, waiting for the perfect moment to make his return.
His whistling of The Godfather theme was biggest clue since late August, when he highlighted two Dogefather memes.
The significance of Elon's role as The Dogefather should not be underestimated.
Elon has one of the most powerful voices in the world of cryptocurrency, which operates largely on principles of organized crime: power, subterfuge, and shifting alliances among self-interested parties.
His words move markets, and his support for Dogecoin vaulted it into mainstream awareness in 2021.
After 2021, Dogefather has faded from public view, leaving open the possibility that he has vacated his seat at the head of the crypto racket.
More likely, the Dogefather's demise has been exaggerated, and his silence is strategic. Any mafia don worth his weight in cannoli knows the value of laying low.
Since he started supporting Dogecoin, Elon has weathered negative press, legal challenges, and pushback from other crypto power brokers. Simply by sitting back in silence, the Dogefather has lured his enemies out into the open.
His occasional gestures like the two recent podcast openings are calculated reminders that he still runs the crypto game from the shadows.
I believe the Dogefather waiting for the perfect moment to make his move. Only he knows for sure when the time is right.
What do you think: when will the Dogefather strike?
For more on the history of Elon’s crypto alter-ego, check out my article on the Dogefather from September:
On November 2nd, Dogecoin fans journeyed to Japan to celebrate Kabosu’s 18th birthday and witness the unveiling of a bronze statue in her honor.
The event was called Doge Day.
The statue was funded by donations from the Dogecoin community and fans of Kabosu from around the world.
Its creation was organized by Own the Doge, The Dogecoin Foundation, and other Doge-supporting organizations.
The event attracted hundreds of people. Hopefully it will become an annual tradition.
Afterwards, Kabosu’s owner Atsuko posted a message of thanks for all involved.
Tonight, Own the Doge published this short video documenting the entire event.
Kudos to everyone who made this possible, and the entire Dogecoin community for putting together such an awesome tribute to Kabosu!
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Disclaimer: This is not financial advice and I am not a financial advisor. The article above references an opinion for entertainment purposes only and it is not investment advice. Always assume that the author of the article is actively trading and that the opinions expressed may be biased towards the author’s holdings. Do your own research and consult with a licensed financial adviser before making any investment decision. Do not treat any opinion expressed in this newsletter as a specific inducement to make a particular investment. Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or cryptocurrency or to engage in any particular investment strategy. The information provided is not warranted as to completeness or accuracy and is subject to change without notice. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, cryptocurrency, or financial product does not guarantee future results or returns. Dogecoin is a speculative and highly volatile asset susceptible to pump-and-dump schemes.
At the time of publication, Dogecoin is around $0.07 per coin.