Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Business » Tesla May Accept Dogecoin, Judging By Twitter Poll

Tesla May Accept Dogecoin, Judging By Twitter Poll

by

Elon Musk has asked his Twitter followers if the firm should take DOGE as payment.

Tesla May Accept Dogecoin, Judging By Twitter Poll
Shutterstock photo by Kaspars Grinvalds

Key Takeaways

  • Tesla CEO Elon Musk has asked his Twitter followers if Tesla should accept Dogecoin (DOGE) as payment.
  • Approximately 80% of respondents are in favor of the option.
  • Musk has not yet confirmed whether Tesla officially plans to accept the coin; more details may emerge when the poll ends.

Share this article

Tesla CEO Elon Musk has asked his Twitter followers if they want to see the firm accept Dogecoin, implying the electric vehicle company may soon add the cryptocurrency as a payment option.

Almost 80% In Favor of DOGE Payments

Early Tuesday morning, Musk created a Twitter poll to seek input on the possibility of DOGE payments from his 53 million followers.

At the time of writing, 78% of respondents have answered “yes” to the question. Those in favor of DOGE payments were likely motivated by Dogecoin’s rising value and Musk’s crypto stardom.

The 22% who answered “no” to the question expressed concerns over the coin’s price volatility. DOGE has rapidly risen in value due to organized investment campaigns and Musk’s endorsement of the coin, gaining 20,600% over the past year. Many predict that the cryptocurrency could lose its value just as quickly.

Others who responded “no” the question may simply have preferred that the company accept other cryptocurrencies first.

Musk has not commented on user responses. The Twitter poll will end at approximately 1:30 AM PST, meaning that Musk and Tesla are unlikely to confirm any official Dogecoin-related plans before then.

Tesla’s Crypto Efforts

The news comes shortly after Musk’s space flight company SpaceX announced that it will carry out a DOGE-funded mission, and days after Musk appeared on Saturday Night Live to discuss DOGE.

It also comes just months after Tesla chose to buy $1.5 billion of Bitcoin and its later decision to accept Bitcoin as payment.

There was widespread speculation in late March on whether Tesla has plans to accept additional cryptocurrencies. Today’s news makes it considerably more likely that it will do so.

Disclaimer: At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.