Elon Musk has turned down support from Dogecoin entrepreneurs, preferring instead to use his brain to render the cryptocurrency a greener, less expensive alternative to Bitcoin. So far, the unexpected and unofficial collaboration with Elon Musk, the Tesla and SpaceX CEO who also co-founded PayPal, has proven fruitful. Musk has been in contact with Dogecoin's development team, which includes Nick and Michi. Since he was elected honorary DogeCoin CEO in 2019, Michi.