Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, is known for his love of cryptocurrencies, especially Dogecoin. Musk has often tweeted about Dogecoin, calling it his favorite coin and jokingly endorsing it as the future of finance.
He recently challenged to pay 1 million Dogecoins to anyone who proves the existence of emerald mine belonging to his family.
However, the challenged backfired when Musk Senior came forward. Read along to know the full story.
What is The Challenge given by Elon musk
In April 2023, Elon Musk announced a challenge on Twitter, offering $1 million worth of Dogecoin to anyone who could provide proof of his family’s involvement in an emerald mine in Zambia. He said he wanted to settle a dispute with his father, Errol Musk, who had denied Elon’s claim that he had owned an emerald mine when he was a child. Elon said that he had sold some of the gems to buy his first computer and that this was how he developed his interest in technology and entrepreneurship.
The challenge quickly went viral, attracting thousands of entries from fans and aspiring detectives. Some submissions were genuine and credible, while others were fake and ridiculous. Some even accused Elon Musk of using the challenge to manipulate the price of Dogecoin, which rose after his announcement.
How the Challenge Backfired?
However, the challenge backfired on Musk when his father Errol Musk also entered the contest with claim of offering the evidence.
In an interview with The Sun, Elon’s dad Errol revealed, referring to the Dogecoin tweet, “When I read that, I wondered, ‘Can I enter, because I can prove it existed.’ Elon knows it’s true. All the kids know about it.” He continued saying Elon saw the emeralds at their house and also knew that he (Errol) was selling them.
He also claimed that Elon musk’s initial expenses were funded by the money made from the mine only. However, he clarified that the mine was not a full-blown mine but was rather a “rock formation protruding from the ground”.
Errol also said that his son Elon has worked really hard to achieve success and reach where he is today. HE said “Elon took risks and worked like blazes to be where he is today. The emeralds helped us through a very trying time in South Africa, when people were fleeing the country in droves, including his mother’s whole family, and earning opportunities were at an all-time low,”.
Elsewhere, Elon Musk is currently facing a $258 billion lawsuit from a group of investors who claim that he ran a pyramid scheme to inflate the value of Dogecoin.
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