Tesla Retains Dogecoin As Payment Option; Removes Bitcoin

Also Read: Ethereum Price Dump Incoming? ETH CEXs Inflows Hits 2-Month High

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Tesla Chooses DOGE Over Bitcoin

Wu Colin earlier reported that there were several rumors in the crypto community about Tesla adding Bitcoin and Dogecoin to its main source code of payment page. A verification suggested that both BTC and DOGE were present in the payment page source code since January 2023.

He mentioned that the electric automobile giant hadn’t removed the code carrying Bitcoin and Dogecoin when it earlier discontinued the service to pay with BTC. However, he added that at present it seems like Tesla has decided to retain just Dogecoin over BTC for this service.

This might come as a surprise for the crypto community as Tesla decided to ditch Bitcoin and choose DOGE. However, Tesla hasn’t made any official announcement regarding this move. Elon Musk, CEO of Tesla has been a big fan of DOGE already. He has been caught promoting the biggest memecoin on every platform now and then.

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Tesla Maintains BTC Balance

Tesla’s Bitcoin holdings remain unchanged in quarter 2 of 2023. The cumulative worth of the automobile manufacturer stands at around $184 million, which is the same figure it has maintained for the last three quarters.

Bitcoin price showed some optimism as it managed to trade over the $30k price level after a long period of time. BTC price is up by almost 10% in the last 90 days. It is trading at an average price of $29,799, at the press time. Its 24 hour trading volume is up by almost 10% to stand at $13.5 billion.

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