'Dogefather' Elon Musk Comes Out In Support For DOGE Yet Again. Watch What He Said

Musk's endorsement of Dogecoin has been consistent over time. He previously exclaimed "dogecoin to the moon" in November 2022.

At a recent event held at Tesla's Giga Berlin facility, CEO Elon Musk voiced his support for enabling Dogecoin (DOGE) payments for Tesla vehicles. When asked by an attendee about the possibility of purchasing Tesla cars with DOGE, Musk responded by expressing his inclination towards making it happen, stating, "At some point, I think we should enable that ... Dogecoin to the moon."

Musk highlighted that customers already have the option to purchase certain merchandise on the Tesla website using DOGE, which he described as "cool."

'I'll Support DOGE'

During the event, Musk recounted his journey of endorsing Dogecoin, attributing it to interactions with Tesla and SpaceX workers who expressed their support for the cryptocurrency. He referred to DOGE as "the people's crypto" and pledged his backing, saying, "Lots of rich people were sporting Bitcoin ... But people on the line want me to support DOGE. I’ll support DOGE."

Doge And The 'Dogefather'

Known as the 'Dogefather' in the crypto community, Musk has been a vocal supporter of Dogecoin for some time. He disclosed owning Dogecoin, Bitcoin, and Ether, affirming his continued ownership of "a bunch of dogecoin" as of January. However, he denied being a major holder of the cryptocurrency.

Tesla's involvement in cryptocurrencies isn't new, with recent on-chain analysis revealing Tesla's ownership of 11,509 bitcoins, and SpaceX holding 8,285 BTC. In 2021, Tesla briefly accepted Bitcoin as a payment option for its vehicles.

Musk's endorsement of Dogecoin has been consistent over time. He previously exclaimed "dogecoin to the moon" in November 2022, reaffirming his commitment to supporting DOGE in June 2022 and highlighting its potential as a currency in May 2022. Additionally, he once offered to eat a McDonald’s Happy Meal on TV if the fast food chain were to accept Dogecoin for payments.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

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