In a joke tweet, prominent Dogecoin supporter and tech billionaire Elon Musk mentioned a “fee for visiting Twitter headquarters,” which should be paid in DOGE. A user who asked about visiting this social media platform’s headquarters received a response from Elon Musk.
Due to his recent remarks regarding Federal Reserve (Fed) plans, Elon Musk has recently gained media attention. In a statement, Musk claims that switching from low-interest savings accounts to high-interest money market accounts is a significant factor in why depositors are leaving banks.
Musk demanded a 50 basis point rate reduction to save the melting banks before yesterday’s Fed rate decision. In addition, he supported the idea of mandating the FDIC briefly insure all deposits above the $250,000 limit to stop bank runs.