Elon Musk hints there's 'more down the road’ for Dogecoin after Tesla, SpaceX merch

moneycontrol.com:

As the crypto market bled over the weekend, Elon Musk once again voiced his support for Dogecoin -- the cryptocurrency with a Shiba Inu meme.

I will keep supporting Dogecoin

Earlier in the day, when Dogecoin’s co-creator Billy Markus said that he wants that people actually “use it for something... so it has a reason to exist,” Musk wrote: “Tesla and SpaceX merch, maybe more down the road.”

Tesla and SpaceX merch, maybe more down the road

In January, dogecoin -- founded in 2013 -- surged after Elon Musk said that it could be used to buy Tesla merchandise.

For a brief period, Tesla was also accepting Bitcoin as payment for its vehicles last year, but the decision was called off three months later as mining Bitcoin was too hard on the environment. Elon Musk had later said that Tesla would not accept it for EV purchases until the production of the coin becomes more environmentally friendly.

Read more: Elon Musk says Dogecoin is better for transactions than Bitcoin, explains why

Meanwhile, a man in US recently filed a $258 billion lawsuit against Musk and his companies Tesla and SpaceX after he lost money invested in Dogecoin.

The plaintiff Keith Johnson Since estimates that since  Musk began promoting the virtual currency, investors have lost around $86 billion. He said that he would like Musk to reimburse investors this sum, plus pay double that in damages -- an additional $172 billion.