.png){kind=logo}
Tech mogul Elon Musk has reignited his support for Bitcoin (BTC) and Dogecoin (DOGE) after years of silence. In a recent online thread, he described fiat money as weak and manipulable, claiming that energy is the only verifiable foundation for real value. Musk stated that governments can print unlimited fiat currency, whereas Bitcoin’s proof-of-work (PoW) system prevents such manipulation.
Elon Musk’s statements coincided with a significant corporate move for Dogecoin. The Dogecoin Foundation’s commercial arm, House of Doge, announced a merger with Nasdaq-approved Brag House Holdings. The partnership aims to expand Dogecoin’s treasury to $50 million and pursue a Nasdaq listing through a reverse takeover. This development positions DOGE closer to the heart of traditional finance.
The planned merger between House of Doge and Brag House marks a historic step for the meme-inspired cryptocurrency. If completed, it would represent the first instance of a meme coin entering Wall Street through an official listing. The merged entity plans to strengthen Dogecoin’s presence in traditional markets and enhance its liquidity for institutional investors.
Dogecoin’s new corporate direction aims to bridge the digital and conventional finance worlds. The move aims to transform DOGE from a social media phenomenon into a structured financial asset. Market watchers believe this could signal a broader shift toward institutional acceptance of digital assets with strong community roots.
Still, challenges remain ahead. The merger’s success depends on obtaining regulatory approval, securing shareholder agreement, and maintaining consistent trading demand. These factors will determine whether Dogecoin’s bold leap into Nasdaq can succeed or stall amid volatility.
Elon Musk’s comments went beyond praise. He defended Bitcoin’s proof-of-work system as a fair model that relies on measurable energy consumption. “You can issue fiat currency, and every government in history has done so,” he noted, stressing that Bitcoin cannot be faked because it is energy-backed.
His exchange with Sir Doge of the Coin, a notable community figure, reignited debate about Dogecoin’s shared architecture with Bitcoin. Dogecoin also uses proof-of-work, a consensus mechanism introduced by Billy Markus in 2009 as a joke alternative to BTC. Musk referred to both assets as examples of energy-verified systems that reduce human manipulation in finance.
Musk’s remarks arrive at a pivotal moment as the crypto market recovers from months of uncertainty. His renewed advocacy for BTC and DOGE may draw renewed institutional and retail interest in both networks. Yet, the question remains: can Dogecoin sustain its meme roots while adapting to the rigors of Wall Street?
The merger transaction and Musk's comments coincide at a crucial crossroads for digital assets. The proof-of-work remains the foundation of decentralized trust in Bitcoin, and Dogecoin is out to demonstrate itself as decentralized finance. Market observers are currently waiting to see how regulators and investors will respond to such confounding developments.
Should it work out, the NASDAQ debut of Dogecoin might change the perception of meme coins in the financial sector. In the meantime, the resurrection of the Bitcoin story by Musk provides another impetus to the overall crypto discourse, combining enthusiasm, innovation, and institutional desire into one second.
Elon Musk’s renewed endorsement of Bitcoin and Dogecoin reignited global attention toward energy-based digital assets. His praise for proof-of-work reinforced Bitcoin’s resilience and Dogecoin’s growing legitimacy. Meanwhile, Dogecoin’s planned Nasdaq listing through the merger of the House of Doge and Brag House could reshape how institutional investors perceive meme coins.
Read More: Dogecoin Price Drop: What Happened and What’s Coming Next
