Elon Musk, the billionaire CEO of Tesla and SpaceX, has reignited speculation about the future of the meme-based cryptocurrency Dogecoin. The tech expert recently liked a year-old post of his tweet suggesting accepting Dogecoin to pay tuition fees.
This self-endorsement from the prolific X account hints at possible upcoming plans involving Dogecoin. It has revived interest in the cryptocurrency among investors and enthusiasts who are eagerly awaiting Musk's next move.
Furthermore, Company X is expected to launch its peer-to-peer payment service this year as part of Musk's vision to turn it into an “app for everything.” While it is still unclear whether Dogecoin will be included as a payment option, the possibility has sparked excitement. The launch of payments would expand Twitter's capabilities and business potential.
Musk has long been a staunch supporter of Dogecoin, even calling it a “popular cryptocurrency.” His latest gesture keeps the cryptocurrency, which he also accepts in exchange for Tesla merchandise, in the spotlight.
With Musk at the helm of Twitter, Dogecoin holders are hoping for integration in the future. His endorsement continues to fuel speculation about Dogecoin's role in his grand plans for the platform.
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