Dogecoin Accepted For Elon Musk's New “Burnt Hair” Perfume

Dogecoin Accepted For Elon Musk's New “Burnt Hair” Perfume

October 14, 2022

Elon Musk, the world’s richest person, has launched a new perfume called “Burnt Hair”, which he says can be purchased with Dogecoin. 

Announcing the move earlier this week, the billionaire- who has since changed his Twitter bio to “Perfume Salesman” described the product as “the finest fragrance on earth”, adding that it would be sold by The Boring Company, one of the companies he has founded. The Tesla founder tweeted in September that the Boring Company would launch a scent for men that would help “Stand out in the Crowd.” This week, he described the product as “omnigender”, suggesting anyone could use it.

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As per The Boring Website, the Burnt Hair Fragrance features a tiny red-coloured bottle with a description that reads “The Essence of Repugnant Desire.” Accordingly, the product is priced at $100, approximately 1,666 Doge in the current market price. However, it is essential to note that this is a pre-sale, and anyone who purchases the product will have to wait for their shipment until Q1 of 2023.

Since Wednesday, sales of the fragrance have soared, with over 20,000 bottles being sold by Friday amid Musk tweeting, “Please buy my perfume, so I can buy Twitter” on Thursday.

Elon Musk Is Serious About DOGE.

Musk has had a long history of touting Dogecoin in playful tweets. However, he has recently taken a more serious approach towards the meme cryptocurrency since he described it as more transactional-friendly than Bitcoin in December.

Apart from calling for more improvements on the cryptocurrency’s code, Tesla, The Boring Company, and Space-X have started accepting Dogecoin for payments in the past year, with Musk’s blessings. In Mid-September, Tesla released a new product catalogue featuring the “Cyberwhistle”, a model of its futuristic Cybertruck, which would only be purchasable using Dogecoin.

The billionaire’s latest resolve to purchase Twitter, weeks after he backtracked the $44 billion deal, has also stoked the crypto community who believe that if the deal is finalized, it could be a major boon for Dogecoin. Since he offered to purchase the social media giant in April, Musk has proposed various changes to the platform, including introducing Doge as a payment method.

Meanwhile, despite Musk’s endorsements creating a buzz, the ongoing crypto winter has kept its price pinned down alongside Bitcoin and Ethereum. The latest announcement has, however, helped buoy up the meme coin’s price and volume.  As of writing, DOGE was trading at $0.059 after surging 8.30% and 71% in price and trading volume, respectively, in the past 24 hours based on data from CoinMarketCap.

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