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Tesla Inc. and SpaceX CEO, Elon Musk embraced his meme status during his recent appearance at CPAC 2025, tying it to his association with the popular cryptocurrency, Dogecoin (CRYPTO: DOGE).
What Happened: During the interview with Newsmax host Rob Schmitt, Musk described himself as “living the meme,” a reference to his connection with Dogecoin, a cryptocurrency that originated from the internet-famous Doge meme featuring a Shiba Inu dog. Initially created as a meme, Dogecoin evolved into a real cryptocurrency thanks to Musk’s public support.
“Doge started out as a meme. Think about it. And now, it’s real. Isn’t that crazy? But it’s cool.”
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Why It Matters: The Conservative Political Action Conference (CPAC), which took place from February 19-22, 2025, in Washington, D.C., is a significant gathering for conservatives. Musk’s participation indicates his growing involvement in political and cultural spheres, including his support for the Trump administration’s policies.
In recent times, Elon Musk has also faced a lot of criticism regarding his involvement in the U.S. government. Reportedly, Tesla lost $15 billion in brand value in 2024 due to Musk’s political opinion and open support for Trump.
In the event, Musk also spoke about the change in his perspective over the past several years, and his thoughts about the federal policy and regulation. The highlight of the event was the peculiar yet symbolic gold-plated chainsaw—an unusual gift from Argentine President Javier Milei to Musk representing the latter’s stance against government spending.
The Tesla CEO also expressed a strong interest in touring the U.S. gold depository at Fort Knox, Kentucky. Notably, President Donald Trump and Elon Musk have revived long-standing debates about the U.S. government’s gold reserves at Fort Knox, as gold prices soar to record highs exceeding $2,940 per ounce.