Elon Musk's ‘Money’ Statement Triggers DOGE Team’s Supportive Response

The official Dogecoin account on the X platform has cited Elon Musk’s recent tweet, where he talked about money and the economy in general. The $DOGE team has basically agreed with the world’s most influential Dogecoin lover and added a thing about memes.

$DOGE team reacts to Musk's statement

Elon Musk reposted a video excerpt from his interview where he speaks about various subjects, including money and economy. In that video, he referred to money as “just a database for exchange of goods and services.”

He stated that “money doesn't have power in & of itself,” giving an example that a person stranded on a desert island would find a billion U.S. dollars in their bank account worthless there and would rather have a can of soup.

Today, he commented on that video excerpt and doubled down on his definition of money, saying: “The real economy is not money, it is goods & services.”

The $DOGE account supported Musk, adding an expanded definition to the idea of money, saying that it can also be considered a meme — the basis of Dogecoin: “Money is just a metaphor for value that exists in the minds of those who utilize it. A meme if you will.”