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Elon Musk is Pledging 1M Dogecoin for This

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By Brennan Forrest - - 5 Mins Read
Elon Musk portrait image

Elon Musk has pledged a whopping 1 million Dogecoin because of a rumor that was circulating about his family. In a rumor that dates back 10 years, it was said that one of the reasons that made  Elon Musk was wealthy was because his family owned an emerald mine. The Elon Musk Emerald Mine rumor escalated quickly, and it was brought up again in 2023. In a move to silence the rumors, Elon Musk has offered 1 million Dogecoin to anyone who can prove that his family had any ties to an emerald mine. 

The Elon Musk Emerald mine rumors were mainly spread by media outlets. Apparently, Elon Musk was even helping to increase the reward placed on anyone that could reveal if his family had an Emerald mine in the past. Actually, a Dogecoin enthusiast had promised to huge about 69,420 DOGE to any media outlet that could prove that Elon Musk and his family had an Emerald mine before he became very wealthy. Elon Musk had come across the argument and decided to increase the reward. The billionaire had then placed a whopping 1 million DOGE reward for anyone that could prove his family ties with an Emerald mine. 

How Did the Emerald Mine Rumors Come About? 

The rumor about Elon Musk's family having an Emerald mine dates back to 2014 when the billionaire had erroneously admitted in a Forbes interview that his family had an Emerald mine. The interview seemed to be a mistake by Elon Musk, and Forbes has since deleted it. However, other media outlets didn't give it a break as they wrote many articles accusing Elon Musk's family of having an Emerald mine. Elon Musk's father was accused of owning such a mine in Zambia. The Forbes article in which Elon Musk suggested that his father owned an Emerald mine still exists in a web archive.

Piles of uncut emerald stones

Emerald stones (Unsplash)

Since the news has been circulating since 2014, Elon Musk wants to put the matter to rest. He found the perfect situation when a Dogecoin enthusiast set up a reward of 69,420 DOGE to any media outlet that could prove that the Emerald mine actually existed. Elon Musk entered into the matter and raised the reward to 1 million DOGE. Regardless, many treasure hunters interested in reclaiming the 1 million DOGE have already started looking for evidence of the Emerald Mine. Right now, nobody can tell if the Emerald Mine actually existed or whether it is just a baseless allegation by the media.

Crypto enthusiasts' attention has been drawn to Elon Musk's choosing Dogecoin as his payment method for the reward. Elon Musk's Dogecoin attachment dates back to 2020 when the billionaire started talking about cryptocurrency. Since then, he has gone on to speak more of Dogecoin, calling it his favorite cryptocurrency. There are even rumors that he may end up integrating Dogecoin as part of Twitter payment methods. Since the emerald mine controversy started, the price of Dogecoin has increased by more than 3% in the past 24 hours. If there are more developments to the Emerald Mine controversy, it might affect the price of Dogecoin positively or negatively.