A Tesla Inc for a Dogecoin?: Musk asks Twitter followers
The Tesla boss has set up a poll on the microblogging site to gauge interest in the idea, mere months after the electric car firm announced it would allow customers to purchase its vehicles using Bitcoin
Dogecoin could soon be joining Bitcoin among the cryptos that can be used to buy a Tesla after the company’s billionaire boss and serial crypto market mover Elon Musk posted a Twitter poll to gauge interest in the concept.
Do you want Tesla to accept Doge?
— Elon Musk (@elonmusk) May 11, 2021
As of lunchtime on Tuesday, two hours after the poll went live, users appeared to be receptive to the idea, with around 77% of the 1.69mln voters responding in the affirmative.
READ: Dogecoin heads to the moon, literally
While the reliability of a Twitter poll is understandably questionable, the idea of the electric car maker accepting the meme-inspired cryptocurrency would be a huge boon for its validation as a genuine store of value, despite being founded as something of a joke back in 2014.
The concept of Dogecoin serving as more than a speculative investment also arose on Monday after Canadian firm Geometric Energy Corp (GEC) said it will use the crypto to pay for the DOGE-1 Mission to the Moon, which is scheduled to launch a 40-kilogram satellite as part of a lunar payload mission aboard SpaceX’s Falcon 9 rocket in the first quarter of next year.
Such a move could also help pull Dogecoin out of its recent slump, with the crypto reaching an all-time high on Saturday morning before declining sharply over the weekend.
The cause of the downturn may also lie with Musk himself after the billionaire branded referred to Dogecoin as a “hustle” in an appearance on US sketch comedy show Saturday Night Live.
The price of Dogecoin was down 0.6% in the last 24 hours at US$0.5 in lunchtime trading on Tuesday, although it is still up around 9,900% so far this year.
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