Elon Musk has started a Twitter poll asking whether or not Tesla should accept dogecoin.

  • The poll had received more than 500,000 votes within 20 minutes of its posting, with the overwhelming majority (~75%) replying "Yes."
  • The Tesla CEO appeared on "Saturday Night Live" on May 8 in which some jokes about DOGE may have triggered a downturn in the meme-based crypto's price.
  • Elon Musk has been known to discuss crypto on his Twitter page, first announcing via a tweet in March that Tesla vehicles could be purchased with bitcoin.
  • He famously described DOGE as his "fav cryptocurrency" on Twitter in April 2019.
  • Thanks in part to Musk's tweets, the price of dogecoin has risen by nearly 11,000% year to date.
  • The poll has prompted a bounce in DOGE's price, trading at $0.52 at the time of writing compared to $0.46 beforehand.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC