- Elon Musk has a soft spot for Dogecoin.
- Tesla brought glitz and glamor to its Robotaxi event.
- Rumors swirl of Robotaxi-Dogecoin integration.
The connection between Elon Musk and Dogecoin began to gain traction in 2019 when the world’s richest man announced DOGE as his favorite cryptocurrency. Since then, speculation has mounted regarding Musk’s potential plans to integrate Dogecoin into his platforms, including as a payment option on X.
The latest rumors about Dogecoin integration came from Tesla’s recent Robotaxi event, which coincided with a significant spike in the memecoin’s value.
Dogecoin X Robotaxi
Dogecoin surged 20% to reach an intraday high of $0.12847 on Wednesday. This uptrend occurred after DOGE hit a local bottom of $0.10287 on October 10, the same day Tesla hosted its much-anticipated Robotaxi event.
During the event, Musk discussed the cost benefits of the Robotaxi while a promotional video played in the background.
Influencer “WizardOfDoge” pointed out a notable moment in the video when a Shiba Inu appeared just as Musk said, “Yes, you will be able to buy one.” This led him to speculate that it was a subliminal hint confirming DOGE as a payment option for the upcoming Robotaxi.
Analyzing another clip from the event, in which Musk mentioned Robotaxis’ potential to create a distributed network, “Ðoge MacÐogethy” speculated that these vehicles might even be used to mine Dogecoin.
Despite the excitement surrounding the Robotaxi event, it’s worth noting that Dogecoin’s upward momentum coincided with a rise in Bitcoin’s price. This correlation raises questions about whether DOGE’s strong run of form is linked to Tesla integration or simply following broader market moves.
Sci-Fi Future
The invitation-only Robotaxi event took place on October 10 at Warner Bros Studios in Burbank, California. It showcased a futuristic vision of transportation. Optimus Tesla Bots entertained guests and introduced them to the Robovan concept, designed to carry up to 20 passengers or transport goods.
Musk described the Robotaxi as a blend of traditional taxis and the Airbnb model, with Tesla operating the fleet to transport passengers. He explained that Robotaxi owners can easily add or remove their vehicles from the fleet via the Tesla app, enabling them to earn income with just a tap.
The Robotaxi is expected to cost $30,000 and will be available before 2027. However, tech YouTuber Marques Brownlee, who attended the event, expressed skepticism about this price point. He stated that the Cybertruck was originally pitched at $39,900 in 2019 but eventually sold for a starting price of $95,000.
Brownlee also raised concerns about the timeline, questioning whether the Robotaxi could realistically hit the market before 2027, given the regulatory hurdles that autonomous vehicles face.
On the Flipside
- Brownlee suspected the Optimus robots were human-controlled due to the speed at which they replied.
- The Dogecoin Foundation intends to turn DOGE into “a currency for the people.”
- Confirmation bias can lead individuals to speculate on unrelated events.
Why This Matters
While Musk’s Dogecoin hints continue to captivate crypto enthusiasts, widespread crypto integration faces significant hurdles in a global economy still firmly anchored to fiat currencies.
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