Elon Musk, the world’s richest man, has dropped a hint that Dogecoin (DOGE) could be making a return as a payment method for Tesla merchandise. This comes after Musk won a lawsuit accusing him of manipulating the price of Dogecoin.
Musk’s Dogecoin Love
Musk, in a recent X (formerly Twitter) post, replied “Me” to a post asking if Tesla would bring back Dogecoin as a payment option for merchandise. This suggests that he’s open to the idea and, considering his influence, it could happen soon.
He’s previously stated that Dogecoin would eventually be used to buy Tesla cars, and he’s openly expressed his fondness for the meme coin, even calling it his “soft spot” while dismissing other cryptocurrencies.
Legal Victory and Dogecoin’s Future
Musk’s recent legal victory could be a catalyst for bringing Dogecoin back to Tesla. A federal judge dismissed a lawsuit accusing him and Tesla of manipulating Dogecoin’s price. This lawsuit might have been the reason Tesla initially stopped accepting Dogecoin payments.
Now that the legal battle is over, the company could reintroduce Dogecoin as a payment option for merchandise. This would be a huge boost for Dogecoin, giving it more real-world use and potentially increasing its price.
Dogecoin as a Solution?
Musk also showed his support for Dogecoin in another X post. He agreed with a user who pointed out that Dogecoin’s decentralized nature could solve problems that Musk and his companies are facing.
The Brazilian government recently froze Starlink’s bank accounts despite the company operating separately from X. The user suggested that Dogecoin, being decentralized, could prevent such issues. Musk acknowledged this, saying it was a “good point.”
This further fuels speculation that Dogecoin will be integrated into X’s payment service, which is expected to launch later this year.
