Billionaire Elon Musk and cryptocurrency aficionado on Tuesday asked his 54 million followers on Twitter “Do you want Tesla to accept Doge?”, referring to a digital currency worth roughly 48 cents with no actual world use.
The query, in the type of a Twitter poll, comes days just after he referred to as dogecoin a “hustle”, which sent the meme-inspired cryptocurrency’s value reeling just after a 700% rally in a month.
A proponent of digital currencies, the Tesla chief executive made the comment as guest-host spot on the “Saturday Night Live” comedy sketch Television show this previous weekend.
Musk, one of the richest individuals in the world and owner of a number of futuristic firms like SpaceX and Neuralink, has utilised his candid Twitter feed to convey his opinion on cryptocurrencies, like bitcoin, most instances impacting their value.
Do you want Tesla to accept Doge?
— Elon Musk (@elonmusk) May 11, 2021
In March, Musk stated U.S. clients could buy Tesla autos with bitcoin, marking a important step forward for the cryptocurrency’s use in commerce. The electric-automobile maker had purchased $1.5 billion worth of bitcoin earlier this year, propelling its costs to record highs.
Based on existing costs, one would want almost 80,000 dogecoins or .7 bitcoin to acquire the least expensive Tesla Model 3 automobile.
Musk’s poll on dogecoin received more than 2 million responses in 5 hours considering that he posted it, with 3 out of every single 4 respondents voting to ratify the new payment process.
It comes just days just after he stated that SpaceX would accept dogecoin as payment to launch a lunar mission next year.
The restricted provide of bitcoin aids drive its worth as the digital currency steadily gains acceptance for industrial transactions. Whereas dogecoin, which started as a social media joke in 2013 with a shiba inu dog as its avatar, has an limitless provide and remains seldom used to make payments for goods.
On crypto information tracker CoinGecko.com, dogecoin jumped more than 700% more than the last month and is now the fourth-biggest digital currency. It hit a record higher Thursday above $.73.
The billionaire’ s tweets have drawn SEC scrutiny in the previous, but his current remarks about cryptocurrencies have not landed in him in any regulatory troubles so far.
Shares of Tesla had been down 4% in early trading just after Reuters reported that the U.S. electric automobile maker has halted plans to acquire land to expand its Shanghai plant.