My understanding of Musk started at the end of 2020, when I just entered the circle and caught Musk promoting Dogecoin, with talk of a massive retail revolt on Wall Street. I remember buying over 2,000 RMB that evening; at that time, the platform was still owned by Li Lin, later it was Sun Yuchen. That night, it skyrocketed, and I bought more than 16,000 Dogecoins at market price, turning into 8,000 RMB. As a stock investor, I was already shocked by the crypto world.

Later, due to a lack of faith, I sold my Dogecoin. After the Spring Festival, Bitcoin continued to rise, and Musk was once again talking about sending Dogecoin to the moon. I kept buying and selling repeatedly, losing the previous profits. But at the end of April, Musk was shouting again and mentioned going on a show. As a result, Dogecoin dropped nearly 80% from its peak before stabilizing and rebounding. This time, I followed up repeatedly for a week until early May; I initially tried contract leverage with only five and three times, and I made back around 8,000 USD. After the Saturday Night Live show aired, Musk called Dogecoin a scam, and it dropped considerably. Later, on May 19, I nearly lost all my funds. My tumultuous journey made me a fan of Musk, believing in the vision of the Silicon Valley Iron Man. Even during the bear market, I did not give up, but I still faced huge gains and losses in contract leverage trading, each time full of confidence, believing that the power of Dogecoin would surely exceed 1 USD. However, it didn't increase as much as XRP, which also surpassed the three-dollar mark with over 100 billion coins. Dogecoin is still at 0.2 USD; is that reasonable?

I don't think there's anything reasonable or unreasonable. Even if Musk shouts loudly, it doesn't necessarily have much driving force. Many of his promises are barely realized, just ordinary marketing hype.

However, for Dogecoin to have actual value, it still depends on Musk's actions. The government efficiency department's Doge is just promoting Dogecoin, and the integration of X-Money with Twitter is also highly anticipated. Moreover, Barry Silbert, the CEO of Grayscale, who called Dogecoin garbage in 2021, is also applying for a digital large-cap fund, which hasn't been approved yet but is worth looking forward to. However, looking at the long-term options, the Bitcoin bull market is expected to end this year, which means this cycle will inevitably prevent Dogecoin from reaching 1 USD. How much longer until then? $BTC