Amid Twitter Payments Talk, Michael Saylor To Buy Dogecoin? – CoinGape

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Michael Saylor Dogecoin News: Microstrategy cofounder Michael Saylor has been interacting with Elon Musk on Twitter in recent times. With his strong support for Bitcoin (BTC) well known, the crypto community is now wondering if Michael Saylor will purchase Dogecoin (DOGE). Although it is all mere speculation currently, it would mean a huge deal for DOGE considering that Microstrategy is the largest institutional holder of BTC. Interestingly, Tesla is not too far away in the list of top Bitcoin holding companies.
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However, it is Elon Musk’s huge support to Dogecoin that is grabbing a lot of interest. This has only increased following Musk’s official takeover of the social media company. The Tesla CEO had also subtly hinted with a positive reaction to the possibility of Twitter payments using cryptocurrencies. The hint has only raised expectations on the prospects of Dogecoin (DOGE) based Twitter payments higher.
While the speculation around crypto based Twitter payments intensified over the last few days, some are wondering if the Microstrategy CEO will gain interest in the memecoin. In a latest, Elja Boom, a crypto supporter, asked his 600,000 Twitter followers when Michael Saylor will indeed buy DOGE.
“When Michael Saylor will buy Doge?”
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The memecoin’s price jumped heavily after the Twitter management changed hands late in Octover 2022. As of writing, DOGE price stands at $0.09467, down 9.03% in the last 24 hours, according to price tracking platform CoinMarketCap. With a total market cap of around $12.50 billion, DOGE is ranked 8th among cryptocurrencies based on market size.
Meanwhile, the Dogecoin (DOGE) cryptocurrency is slowly inching towards strengthening institutional adoption. In a October 2022 announcement, DOGE was among the list of few cryptocurrencies using which Google Cloud users would be able to pay for the services.
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About the author

Marry Wood

Mary Woods

Mary holds a degree in Communication Studies and has a keen interest in the social aspects of technology. She covers the latest trends and updates in social media platforms, online communities, and how technology impacts social behavior.