When Elon Musk visited the Tesla factory in Giga Berlin recently, he said that ultimately, customers might be able to buy Tesla cars with the cryptocurrency Dogecoin. The automaker already allows customers to use Dogecoin to buy goods.
“When can you buy Tesla with Dogecoin? At some point, I think we should enable that.” Musk said in a video uploaded by X user @dogeofficialceo, answering a query about car purchases with Dogecoin. “You can buy Tesla merch with Doge, which is cool. So, Dogecoin to the moon.”
Musk has frequently stated in the past how much he loves the meme coin with a dog theme.
His most recent endorsement of the coin comes after remarks he made that would suggest a decline in interest in cryptocurrencies in general. Musk stated a year ago that he no longer spends a lot of time considering cryptocurrencies.
Additionally, the Tesla CEO said on X that the social media site, which was once known as Twitter, would “never” introduce a cryptocurrency token.
The value of Dogecoin has historically been affected by Musk’s remarks.
At the time writing, Dogecoin’s price has risen by 7.2% in the last day to $0.186. Following a weekend of consolidation, the price of Dogecoin (DOGE) reached a daily time frame peak of $0.186. Over the past 30 days, cryptocurrency whales have purchased 660 million DOGE, creating a significant bullish impetus for the current surge. At $0.20, there is now significant resistance for the price of DOGE.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
