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Amid Twitter Dogecoin Payments Talk, Michael Saylor To Buy DOGE?

While the crypto community awaits announcement around crypto Twitter payments, Michael Saylor Dogecoin (DOGE) interest is being speculated.
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Amid Twitter Dogecoin Payments Talk, Michael Saylor To Buy DOGE?

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.

Also Read: Binance Moves 127K Bitcoin (BTC) Worth Over $2 Billion

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.

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Michael Saylor To Buy Dogecoin?

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?”

Also Read: BlockFi Used FTX Funds To Pay SEC Fines? Inquiries Ripple Counsel

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.

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Towards Increasing Adoption

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.

Also Read: Crypto Exchanges Bitfront, AAX Suspend Services Amid FTX Contagion

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Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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