Crazy theory:

Could Elon turn DOGE into a tokenised index of his empire?

He could announce that DOGE is backed by his fortune and can be redeemed for tokenised (or regular) obligations or shares of his companies.

DOGE’s market cap would instantly jump from 13B$ to 200B$ to mirror his net worth. This Would make one DOGE worth about 1.5$.

He and his companies would make an insane amount of money, as would every other person or entity who invested in DOGE.

He would also basically own the community and could migrate the token itself to any blockchain.

Kicker:

Space X and Twitter are private and don’t have to report their holdings.

This means they could hold a massive bag of DOGE, especially Space X. It would accelerate Mars a lot!

Not sure if this would even be legal, would love a lawyers opinion.

NFA.