Elon Musk’s backing of Dogecoin needs no explanation. At the event in which Musk was named the TIME’s 2021 Person of the Year, Elon Musk explained why Dogecoin was better, in his opinion, than pioneer cryptocurrency, Bitcoin.
Weeks after, Musk announced that his electric car company, Tesla (NASDAQ:TSLA), would begin accepting Dogecoin for the purchase of merchandise. Now, albeit much more subtly, Musk may have hinted that another of his companies will soon accept DOGE.
Musk Hints at Starlink Accepting Dogecoin
In what seems to be a random Twitter (NYSE:TWTR) exchange regarding Tesla’s FSD AI, one Twitter user, Johnna Crider, raised the idea that SpaceX and Starlink should accept DOGE.
Starlink is a satellite internet constellation that provides high-speed broadband internet access to individuals worldwide.
Musk, who called himself the ‘Doge Father,’ replied to the idea with a simple winking face emoji.
Lending credence to the cryptic message, SpaceX launched a Moon mission in 2021 titled “DOGE-1 Mission to the Moon,” which is intended to be entirely funded in Dogecoin. The mission is to demonstrate the application of crypto even outside earth.— Elon Musk (@elonmusk) February 14, 2022
With Dogecoin going to the moon quite literally, and this new cryptic message from Elon Musk, the Doge community’s hopes have been raised that Starlink, and possibly SpaceX, could go in the same direction as Tesla and soon accept the token.
On the Flipside
- Dogecoin (DOGE) has uncharacteristically not experienced any price hikes following the news, instead falling by 6% over the last 24 hours.
The 24 hour price chart for Dogecoin (DOGE). Source: Tradingview
Why You Should Care
Elon Musk has revealed that Dogecoin remains his favorite cryptocurrency as it is better suited for transactions than Bitcoin.
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