Elon Musk's recent announcement caused considerable hype by highlighting his continued support for Dogecoin and his vision for integrating digital assets into everyday commerce
Created as a joke in 2013, Dogecoin gained prominence largely due to Musk’s frequent endorsements, earning it the nickname “Dogfather.”
Tesla previously experimented with accepting Dogecoin for select goods, such as “Cyberwhistle” and “Giga Texas Belt Buckle,” in its online store. The move was received positively by both Tesla fans and Dogecoin enthusiasts, suggesting that large companies may increasingly consider the cryptocurrency as a payment option.
Although this initiative has been put on hold, a recent post by Musk has sparked speculation that Tesla may soon reintroduce Dogecoin as a payment method, potentially expanding its use beyond goods to more substantial offerings.
In response to a tweet asking “Who else wants Tesla to bring back the Dogecoin payment option for goods?“, the company’s founder, Elon Musk, responded with a curt “Me“.
Musk has long advocated Dogecoin as a practical currency for everyday transactions, citing its low fees and shorter transaction times compared to Bitcoin. Re-introducing Dogecoin as a payment option will not only increase its utility, but also cement Tesla’s image as a forward-thinking company that embraces innovation and new technology.
According to a new analysis from CryptoQuant, TRON (TRX) may be gearing up for a breakout as tightening Bollinger Bands point to an imminent expansion in volatility.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.