Elon Musk is secretly backing another coin as he wants #bitcoin to fail.

Before buying Twitter last year for an eye-watering $44 billion, Musk considered creating "a new social-media platform based on the blockchain" that "could have a payment system using dogecoin, the semi-serious cryptocurrency whose development he had been quietly funding," Musk biographer Walter Isaacson wrote in an excerpt of his new book, titled simply Elon Musk, published in the Wall Street Journal.

The level of Musk's funding or investment in dogecoin isn't clear but he has previously said he wants to "upgrade" dogecoin to "beat bitcoin hands down" and "become the currency of Earth."

#Plebchain

#Nostriches