Elon Musk has asked his 53.9 million twitter followers if they would like Tesla to start accepting payment in Doge for its vehicles. This follows the recent announcement by Tesla that it would accept payment in Bitcoin.
The voice of billionaire Musk is a force to be reckoned with when it comes to influencing the crypto space. He has been a strong supporter of both Bitcoin and Dogecoin - the meme based cryptocurrency that has exploded in popularity since Musk, and a number of influencers, have voiced their support for the cryptocurrency.
Following the SpaceX revelation that it would be accepting Dogecoin as part of its DOGE- 1 mission next year, Musk seems to be further hyping up the Dogecoin community with his recent poll.
Musk hasn’t always had success with his public announcements, and over the weekend the price of DOGE slumped during Musk’s guest-host spot on Saturday Night Live alongside Miley Cyrus. The price quickly picked up at the start of the week, but indicated the volatility of the cryptocurrency and the influence that Musk holds over its price.
The billionaire CEO of Tesla has used Twitter as a platform for his comments and statements on a number of cryptocurrencies, focusing on his favourite cryptocurrencies Bitcoin and Dogecoin.
Mark Cuban is another media figure who is a staunch supporter of Dogecoin. The Dallas Mavericks owner commented on the 400% price gain in April this year and stated that he expects the cryptocurrency to become less volatile. As with Musk, Cuban originally bought the cryptocurrency as a joke, buying “a few dollars worth” and using it as a tool to educate his young son on cryptocurrencies.
At the time of writing, the results from Musk’s twitter poll are 76.8% yes, and 23.2% voted no for Tesla to begin accepting DOGE as payment for their vehicles. With just under a day left on the poll, the results could well lead to Tesla making an announcement in the near future.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.