I believe that Elon is using his influence to profit from DOGE. DOGE, which many people regard as a meme token, became sensational after Elon tweeted, and he also admitted that he holds DOGE so in my opinion, clearly his motive is to make short-term profit.
I agree with your thinking. I believe there are only a few definite goals to profit from Dogecoin. and the consideration is because of the strong market and community of Dogecoin.
although the price used to be very cheap, but Elon saw how strong the Dogecoin market and community were. It makes Elon very interested in leading the market of Dogecoin with the power of his followers.
This is a guy who is the second richest man on earth, do you really think that his investment into doge is so big that it will change his life if he could make profit from it? I am sure even if doge ever becomes 10 dollars each, the money he makes will not change his life, dude already has 160+ billion dollars, how much do you think he invested into doge that he would care about his profit? Even if he invested 1 billion dollars and turns that into 20 billion dollars, that is just change in the market for him, dude didn't worth even 100 billion before any of this pandemic and increases on tesla, and now he worths over 160 billion, so we know he will worth more and more in the future as well.
I assume that the best way to understand what he wants is to realize this is a manchild and he just wants a toy to himself, and doge became a toy he has that he could influence, that is all there is to it if you ask me.
