Musk Signals ‘Maybe More Down the Road’ for Dogecoin After Merch

A sticker advertising Dogecoin on a cryptocurrency automated teller machine (ATM) at a laundromat in Hong Kong, China, on Thursday, June 9, 2022. Tesla Inc. Chief Executive Elon Musk expressed his interest in Bitcoin and Dogecoin early last year and allowed Tesla customers to buy the electric cars with Bitcoin, helping to send the crypto market to record highs. , Bloomberg

Tiago Ramos Alfaro and Emily Nicolle, Bloomberg News

Jun 18, 2022

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(Bloomberg) -- Tesla Inc. CEO Elon Musk took to Twitter again on early Saturday to express his views on cryptocurrencies. 

Responding to a tweet by Dogecoin’s co-creator Billy Markus, who said that he desires that people actually “use it for something,” Musk wrote “Tesla and SpaceX merch, maybe more down the road.” In January, the cryptocurrency with a Shiba Inu meme founded in 2013, surged after Musk said that it could be used to buy Tesla merchandise. 

Tesla briefly accepted Bitcoin as payment for its vehicles last year, but Musk U-turned on the decision three months later due to the token’s energy inefficiencies.

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