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Elon Musk Says Tesla will Enable $DOGE Payments "at some point”

Twitter icon  •  Published 1 month ago  •  Hassan Maishera

Tesla and SpaceX boss Elon Musk has revealed that the electric car company will support DOGE payments in the future, adding that Dogecoin is the crypto of the people.

TL;DR

  • Tesla's boss has revealed that the electric car company will enable DOGE payments in the future.

  • He pointed out that Bitcoin is for the rich while DOGE is for the people.

DOGE Rallies by 8% Following Musk’s Comment

Elon Musk, the CEO of Tesla and SpaceX, has come out to talk about Dogecoin once again. While speaking at a recent event, Musk said Tesla will enable DOGE payments at some point in the future.

DOGE is the native coin of the Dogecoin ecosystem and the largest meme coin in the world. When asked when customers can buy Tesla with Dogecoin, Musk said,

“At some point, I think we should enable that. You can buy Tesla motors with DOGE, which is cool. So Dogecoin to the moon.”

Bitcoin, the world’s leading cryptocurrency by market cap, has recently gained massive acceptance amongst institutions thanks to the approval of spot Bitcoin ETFs in the United States.

Musk pointed out that the rich are currently supporting Bitcoin and urged the people to support Dogecoin. Hence, he is throwing his weight behind the leading meme coin.

BTC is currently trading above $73k per coin while DOGE is still below $0.20.

DOGE surged by more than 8% following Musk’s comment. At press time, DOGE is trading at $0.1872, up by 8.2 in the last 24 hours. The rally made it one of the best performers amongst the top 10 cryptocurrencies by market cap, behind BNB and Solana.

DOGE also recently surpassed Avalanche (AVAX) and Cardano (ADA) to become the eighth-largest cryptocurrency by market cap.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.