"Can the price of BTC and DOGE go up if Tesla acts like this?"
It's widely known that car company Tesla and social media platform Twitter owned by billionaire Elon Musk are key to cryptocurrency being used on a large scale as a mainstream payment asset.
On Wednesday, Tesla shared details of its $184 million Bitcoin (BTC) holdings after revealing the company's second quarter report.
Musk in July 2022 once intended to increase BTC holdings in the future, however Tesla in the fourth quarter of 2022 reduced the digital asset from $218 million to $184 million and since then the figure has not changed.
But like to be informed, Musk has several times planned to have a BTC payment feature on Twitter although until now there is still no official statement regarding the launch.
There are rumors in the crypto community that Tesla has added BTC and Dogecoin (DOGE) payment features to their website's source code, but in fact the keywords of the two digital assets already exist as part of the code behind the website.
However, it indirectly also gives hope to investors that the Tesla payment facility through BTC and DOGE will be implemented in the near future.
It is well known that Musk has long shown his strong support for DOGE, therefore there is a high probability that he will integrate the memecoin including BTC to Tesla and Twitter.
As of this writing, DOGE price jumped by 4.00% to $0.07164 in the last 24 hours with a market cap of $10 billion and recorded a 1.83% increase over the last week.
