Elon Musk’s crazy plans for Dogecoin

Dogecoin on Tesla’s menu – Elon Musk had announced in January 2022, the acceptance by the Tesla store of payments in dogecoin for the purchase of certain items. The CEO of Tesla keeps promoting the adoption of his favorite crypto-dog. He was even ready to advertise McDonald’s products for free if the fast food chain accepted payments in dogecoin. The billionaire has just announced good news for the canine token which should finally appear on the menu of a restaurant when it opens its doors

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Dogecoin at Tesla: the crypto-doggie in Hollywood

Elon Musk revealed, in a February 18, 2022 tweet, that Tesla’s future futuristic restaurant and drive-in cinema in Hollywood will accept payment in dogecoin. The billionaire, however, did not specify the products that customers will be able to pay with cryptocurrency.

The news obviously delighted dogecoin supporters. Some have gone so far as to hypothesize the acceptance of payments in DOGE at Tesla supercharger stations. Others, on the other hand, expect only the drive-in restaurant and cinema to add cryptocurrency to its list of payment methods.

Elon Musk continues to view dogecoin as the right cryptocurrency for transactions. Bitcoin (BTC) is rather, according to the founder of Tesla, a store of value.

Although Elon Musk did an about-face in May 2022 regarding bitcoin, ultimately deciding not to accept cryptocurrency for the purchase of Tesla vehicles for environmental reasons, Tesla still continued to HODle an amount bitcoins in 2022 and the company actually won its BTC bet.

Will Elon Musk’s efforts to promote dogecoin soon be successful with DOGE surpassing $1? The billionaire is really trying to put some real use into the Billy Markus crypto-prank. Does the future of dogecoin rest solely on this influence marketing from the founder of Tesla? The project still seems to want to prove its seriousness with an ambitious development plan including DOGE staking.

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