Thursday, December 1, 2022
HomeCryptoElon Musk Says He Will Continue to Support Dogecoin “Wherever Possible”

Elon Musk Says He Will Continue to Support Dogecoin “Wherever Possible”

Elon Musk said he would continue to “support dogecoin wherever possible” in reaction to the news that The Boring Company now accepts dogecoin as payment for a ride.

Elon Musk has been a supporter of Dogecoin since declaring the meme coin in April 2019 to be his favorite cryptocurrency. He has since been an avid Dogecoin supporter, tweeting about everything from SpaceX setting up a “Literal Dogecoin on the Literal Moonto mining the meme token with his children.

In the weeks leading up to Musk appearing on the show “Saturday Night Live“, Dogecoin reached its all-time high in May 2021. Today, the CEO of SpaceX is still a strong supporter of Dogecoin.

Elon Musk said he will continue to support Dogecoin and gave a single reason for this: “I just know a lot of people who aren’t very wealthy who, you know, encouraged me to buy and support Dogecoin. I respond to these people.

Maybe more on the road?

Last month, Billy Markus, the co-creator of Dogecoin, tweeted that he wanted people to “use it for something“, to which Elon Musk replied: “Tesla and SpaceX derivatives, perhaps further downstream.

In a recent interview, Musk mentioned that SpaceX may soon accept dogecoins as payment for goods, as Tesla already does.

Elon Musk’s Boring Company is now allowing customers to pay for a ride in Dogecoin on the Loop, its public transit system in Las Vegas. The price of Dogecoin, today, remains largely unchanged, so it has yet to react to the news. The price of Dogecoin was $0.068, up 1.70% from the previous day.

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