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Dogecoin has no whitepaper, no company, and no cap on its supply — a decade-old test of whether Bitcoin's scarcity is what a market actually pays for.
On January 29, 2021, Musk changed his Twitter bio to #bitcoin and Bitcoin jumped within hours. A peer-reviewed study of 47 Musk crypto events found Bitcoin alone showed no significant average effect.
Registered dogecoin.com as a joke about altcoin proliferation, left the community in 2015, called Bitcoin cult-like in 2018, and in 2021 rejected the whole industry in public.
Markus and Palmer launched Dogecoin on December 6, 2013 as a Litecoin fork around the 'Doge' Shiba Inu meme. Initially a satire of crypto speculation, it grew into a top-10 cryptocurrency.