If you were to shake a Magic 8 Ball right now, and ask it if Elon Musk will end up buying Twitter, you'd most likely get:

'All signs point to yes.'

While nothing is set in stone, Bloomberg is reporting that Musk's lawyers sent a letter to Twitter late last night proposing he buy the company for $44B, as originally agreed.

And the news is doing wonders for Dogecoin's price - it's already up 8%.

For those of you playing at home, Elon has proposed using Dogecoin as a form of payment on Twitter, which has the potential to support the coin's growth in the long term.

Is it the ideal blockchain payment network?
No.

Has it been carefully designed to hold its value over time, like Bitcoin?
Also no.

But if the world's richest man decides to integrate it on one of the world's largest social networks, there's good chance of a price bump.

Then again, no one can predict what ol' Musky will do next.

(We've been fooled before).