Co-founder of Microstrategy and staunch supporter of Bitcoin (BTC), Michael Saylor is surrounded by rumors that he is likely to buy the largest memecoin Dogecoin (DOGE) in the near future.

This follows because Saylor is reported to have been in frequent contact with Tesla's Chief Executive Officer (CEO), Elon Musk on his Twitter account and this action can have a positive impact on DOGE.

However, it should also be remembered that the price hike of DOGE happened not because of Musk's strong support, but after he officially took over the social media company Twitter.

In fact, Musk thinks the price could jump further if he allows cryptocurrency payments on Twitter.

Therefore, various questions arise among investors to know whether Saylor has a strong inclination to invest in the memecoin while speculation about crypto-based Twitter payments is increasing.

On the other hand, payments using DOGE are now increasingly accepted by various companies, among which Google Cloud has allowed its users to pay for any service with digital assets.

It was also informed that the price of DOGE saw a significant jump right after Musk made the Twitter acquisition at the end of October 2022.

As of this writing, the memecoin is in the price zone of 0.09802 in the last 24 hours with a total market of $12.5 billion.