The world’s richest man, Elon Musk, has hinted that Dogecoin (DOGE) could return as a payment method when buying Tesla merchandise. This follows his recent win in a category motion lawsuit that accused him of manipulating the value of the foremost meme coin. 

Musk Suggests Tesla Could Soon Begin Accepting Dogecoin Again

Musk suggested in an X (formerly Twitter) post that Tesla, the automotive company that he co-founded, could soon begin accepting Dogecoin again. Musk replied ‘Me’ to an X post by Sir Doge, a distinguished member of the DOGE community, through which he asked who else wanted Tesla to bring back Dogecoin as a payment option for merchandize payments. 

Musk’s affirmation that he would really like Dogecoin to return as a payment option for Tesla merchandize suggests that it could occur soon enough since he’s in a superb position to make it occur. Besides, Musk had earlier stated that Dogecoin would eventually grow to be a payment method for getting Tesla cars. 

Musk’s fondness for Dogecoin also signifies that that is something that the world’s richest man shall be actively seeking to make occur. He recently reaffirmed his likeness for the foremost meme coin, stating that he has a “soft spot” for Dogecoin while suggesting that he wasn’t inclined to other crypto tokens.  

Meanwhile, Musk’s recent legal victory could motivate him to make this move and return Dogecoin as a payment method for Tesla products. A federal judge cleared the world’s richest man and the automotive company of wrongdoing in a lawsuit that accused them of manipulating Dogecoin’s price. 

The lawsuit might have been why Tesla initially removed Dogecoin as a payment method. With the legal battle out of the best way, the corporate can reintroduce Dogecoin as a payment option for getting merchandise in its store. Such a move will undoubtedly be a bullish development for the foremost meme coin and will increase its price as Dogecoin gains more utility. 

Musk Continues To Support DOGE

In one other X post, Musk agreed with Sir Doge when he highlighted how Dogecoin fixes an issue that the world’s richest man and his firms are currently coping with. After banning the X platform within the country, Musk revealed that the Brazilian government had also frozen Starlink’s bank accounts despite each firms operating individually. 

Following this revelation, Sir Doge said, “Dogecoin fixes this,” for the reason that meme coin is decentralized and no government can easily access anyone’s funds. In response, Musk stated that he had made a “good point.” 

Musk’s support for Dogecoin can be the explanation why members of the DOGE community proceed to speculate that the meme coin shall be added as a payment method when the social media platform launches its payment service later this 12 months. 

Featured image created with Dall.E, chart from Tradingview.com