Musk hopes that McDonald's can accept Dogecoin payments

[CNMO News] Recently, Tesla CEO Musk said in a social media post that McDonald's should allow the use of Dogecoin for payment, and said that if McDonald's accepts, he will live-stream a happy paradise package.

Musk and Dogecoin

Musk has always been a staunch holder of Dogecoin and one of the people who have waved the flag for Dogecoin the most. Previously, he had also expressed his support for Dogecoin on the Internet many times. Last year alone, Musk has repeatedly stood for Dogecoin. In February last year, Musk tweeted a series of remarks such as "We don't need to be a billionaire to have Dogecoin" and "Dogecoin is the people's virtual currency", expressing his optimism about the future of Dogecoin. In April, not long after, he said that he would send a Dogecoin into space through SpaceX, which also triggered the madness of fans, and the price of the coin also rose sharply.

Musk shouted that McDonald's wanted it to take over Dogecoin

In the eyes of Musk and his followers, Dogecoin is a kind of "people's virtual currency" that breaks the monopoly position of the US dollar, but more analysts believe that Dogecoin is seriously deficient in technological innovation and application scenarios compared with more mature virtual currencies such as Bitcoin, which has been firmly imprinted with Musk's personal imprint, and Musk's every move will have a significant impact on its value, so Dogecoin has great risks. Dogecoin founder Palmer also told the media that Dogecoin, which was originally born to mock speculative cryptocurrencies, has now become one of the craziest speculative tools.

This time Musk called on McDonald's to open up Dogecoin payments, which is most likely another Marketing related to Dogecoin. Due to the current impact of the international environment, the entire virtual currency, including Bitcoin, has recently suffered different degrees of decline, and Musk's remarks hope to alleviate the pessimism of the current market by creating momentum for Dogecoin. However, as of now, McDonald's has not responded to the matter.