Elon Musk Forecasts Dogecoin Payment Option for Buying Tesla Cars "at Some Point"

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Elon Musk Forecasts Dogecoin Payment Option for Buying Tesla Cars "at Some Point"

The Block03-14

QUICK TAKEElon Musk suggested the possibility of purchasing Tesla cars with Dogecoin in the future.Musk’s comments have historically influenced Dogecoin’s value.Elon Musk stated that people would ...

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The car company already lets users purchase merchandise with Dogecoin. “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 previously expressed his fondness for the dog-themed memecoin on multiple occasions.His latest support for the token follows his comments that may indicate a waning interest in cryptocurrencies in general. Last year, Musk mentioned that he no longer devotes much time to thinking about cryptocurrencies. The CEO of Tesla also stated on X that the social media platform, formerly known as Twitter, would “never” launch a crypto token.Musk's comments have historically influenced Dogecoin's value.Notably, Dogecoin's price increased by 6.9% in the past 24 hours to $0.185 at the time of writing, according to The Block’s price page. 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