Elon Musk is a cult figure for some of the smartest people on the planet. So what he's doing with the Dogecoin baffles me.
I mean, they say the Internet doesn't recognize any form of hierarchy, but I think Musk has delusions of god-like grandeur.
Most likely he's doing dogecoin-related stuff for his own amusement, He could easily make billions through his other businesses which he already has recently.
In any case Elon will continue to meme around Dogecoin for his own amusement and by showing public that how easy it is for him to play with the perception of many.