Elon Musk Hints at the Return of Dogecoin Payments for Tesla Merch and Starlink

Elon Musk recently responded to a tweet suggesting Dogecoin as a solution to frozen bank accounts for Starlink. This led to the speculation that Starlink

Dogecoin (DOGE) might be making a comeback as a payment option for Elon Musk's ventures, judging by his recent interactions on Twitter.

After a tweet suggested Dogecoin as a solution to frozen bank accounts for Starlink, speculation arose that the satellite internet service might begin accepting DOGE. This follows hints from Musk earlier in the week about potentially bringing back Dogecoin payments for Tesla merchandise.

Musk's involvement in the cryptocurrency space began with Bitcoin. Tesla invested $1.5 billion in Bitcoin and briefly accepted it as a payment option. However, citing environmental concerns, Musk later withdrew the option. Although there was a promise to revisit the decision if Bitcoin's energy consumption became more sustainable, Tesla never reintroduced BTC payments. The company has since offloaded most of its Bitcoin holdings.

However, Musk has been a strong supporter of Dogecoin. His engagement with Dogecoin dates back to the 2021 bull run, where his tweets helped drive DOGE to all-time highs. Despite controversies, including a $258 billion lawsuit for alleged price manipulation (later dismissed), Musk's influence over the DOGE price remains substantial.

Earlier in the week, Musk responded positively to a tweet asking if Tesla would bring back the option to pay for merchandise with Dogecoin (DOGE).

In early 2022, Tesla briefly accepted Dogecoin (DOGE) for merchandise. However, the payment option was withdrawn later that year as market conditions shifted.

The recent attention around Dogecoin (DOGE) payments for Tesla and potentially Starlink has put the meme cryptocurrency back in the spotlight. As of now, there are no official announcements from either company confirming these payment methods.

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