–Betting Analysts Predict What’s Next for Dogecoin Following Elon Musk’s Latest Announcement–
Following Elon Musk’s announcement of accepting Dogecoin payments for Tesla merchandise, oddsmakers expect this company policy to continue into next year, according to betting aggregators US-Bookies.com (See Disclaimer Below). The odds of Tesla merchandise still being purchasable with Dogecoin in January 2022 are 4/6 (60% implied probability). The odds of Tesla accepting Bitcoin payments again before the end of the year are 2/1 (33.3%).
Elon Musk has put Dogecoin in the headlines once again, and the odds suggest that his appreciation of the popular cryptocurrency means it could be here to stay in terms of Tesla accepting payments for merch, and there may be room for Bitcoin to return, as well. However, the moon may be just out of reach for Dogecoin for now.US-Bookies spokesperson
Dogecoin currently has 10/1 odds to reach $1 by the end of 2021 (9.1%). Its odds of reaching that mark in 2022 are 3/1 (25%). The odds of the United States accepting Dogecoin as legal tender are at 500/1, suggesting this is still well out of reach.
“Elon Musk also made waves when he started accepting Bitcoin payments for Tesla for a brief time this year, so the Dogecoin announcement doesn’t come as a complete surprise.” says a US-Bookies spokesperson. “However, they don’t expect other retailers to join the Dogecoin trend just yet.”
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Among other retailers, Amazon’s 33/1 (2.9% implied probability) odds of accepting Dogecoin payments in 2022 are better than other large companies, but this still isn’t likely. Apple’s odds of doing so are 50/1 (2%).
Tesla merchandise to be purchasable with Dogecoin in January 2022: 4/6
Dogecoin to reach $1 in 2021: 10/1
Dogecoin to reach $1 in 2022: 3/1
United States to accept Dogecoin as legal tender by end of 2022: 500/1
Tesla to resume accepting Bitcoin before end of 2022: 2/1
Odds to accept Dogecoin as payment in 2022:
Home Depot: 100/1
Disclaimer: The odds posted in this article are for illustrative purposes only, as wagering on such props is not currently legal in any U.S. state. The data was based on betting markets offered by UK/European/worldwide operators regulated in jurisdictions where wagering on these props is legal.