Most dogecoin enthusiasts wish Amazon would accept the meme coin as payment – and some believe it’s the new bitcoin, study shows

Most dogecoin enthusiasts wish Amazon would accept the meme coin as payment – and some believe it’s the new bitcoin, study shows

Dogecoin has been swept up in a crypto-buying mania that has seen its biggest advocate, Elon Musk, boost its price. Several online brokerages including Gemini and eToro have added the meme coin to their offerings, causing investors to flock in even greater numbers to the hot new crypto listing.

A recent study conducted by GamblersPick showed more than one in four people believe "dogecoin is the future," and the same ratio expect it to hit $1 per coin sometime in 2021, from around $0.61 currently.

Most survey respondents said they wanted Amazon to accept dogecoin as payment. At the same time, about 41% said they didn't want any retail stores to accept the joke-based currency. About one-third said they believe it's the "next bitcoin," showing that a vast majority don't actually think it can overtake the most popular cryptocurrency.

Amazon is reportedly expected to launch a digital currencythat can be used on its own platform and marketplaces. The study showed that 64% of respondents would invest in such a currency if it were to be released.

Billionaire Elon Musk's touting of dogecoin was initially met with concerns about whether his support is genuine, or a degree of fooling around. He recently said although the