Musk2 Nov 2022 13:01
The price of dogecoin has surged by more than 50 per cent since the weekend amid speculation that the cryptocurrency will be integrated with Twitter.
Newly-appointed Twitter chief executive Elon Musk tweeted a picture of a Shiba Inu dog – used as the logo for the meme-inspired cryptocurrency – wearing a T-shirt with the Twitter logo, together with a winky face emoji.
When asked by one of his followers if he was “working on a doge solution for Twitter or working with devs for a doge payment system on Twitter”, Mr Musk replied the sideways-looking eyes emoji.
The multi-billionaire, who currently tops the Bloomberg Billionaires index of world’s richest people, has been a vocal advocate of dogecoin in recent years and already accepts it as a form of payment for other companies that he runs, including SpaceX and Tesla.
He also revealed last year that that it is one of only three cryptocurrencies that he has personally invested in, alongside bitcoin (BTC) and Ethereum (ETH).