The fact that Tesla chose Dogecoin (DOGE) instead of Bitcoin may surprise the cryptocurrency community.
The largest cryptocurrency in the world, Bitcoin (BTC), was purportedly erased from the source code of Tesla’s payment website on Thursday. Dogecoin (DOGE), the most popular meme cryptocurrency, is still included as a payment option in the source code.
Tesla Selects DOGE Ahead of Bitcoin
Wu Colin previously stated that there were various speculations circulating in the cryptocurrency community about Tesla integrating Bitcoin and Dogecoin into its primary payment page’s source code. According to a verification, the source code for the payment page has contained both BTC and DOGE since January 2023.
He said that when the option to pay with BTC was previously suspended, the electric vehicle giant hadn’t deleted the code carrying Bitcoin and Dogecoin. He went on to say that, for the time being, it appears that Tesla has chosen to use only Dogecoin for this service rather than BTC.
The crypto community may find this surprising given Tesla’s decision to forgo Bitcoin in favor of DOGE. Tesla hasn’t, however, released any official information about this change. Tesla CEO Elon Musk has long been a huge supporter of DOGE. Every now and then, he is discovered advertising the biggest memecoin on every network.
Tesla Keeps a Balance With Bitcoin
In the second quarter of 2023, Tesla still holds the same amount of Bitcoin. The car manufacturer’s total market value is currently somewhere in the neighborhood of $184 million, a value it has held steady for the previous three quarters.
The price of Bitcoin displayed some hope when it finally managed to trade above the $30k mark. In the past 90 days, the price of BTC has risen by about 10%. At the time of publication, it is currently trading for an average price of $29,799. Its daily trade volume has increased by approximately 10% to $13.5 billion.
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