Dogecoin prices spiked due to Tesla CEO\u2019s tweet about buying Tesla merchandise with Dogecoin. However, there is a catch! Tesla states that it will not issue refunds for purchases made in DOGE. There is no information yet on how much merch has been sold from Dogecoins. Once again, the maverick technocrat and Billionaire Tesla chief have caused a significant surge in the values of Dogecoin with his tweets, reports marca.com. Tesla CEO\u2019s tweet about buying Tesla with Dogecoin has once again caused a rise in the value of Dogecoin. Dogecoin\u2019s value surged after Tesla Chief said that his company would be accepting Dogecoin as payment for some of its products. His tweet, which read \u201cTesla merch buyable with Dogecoin,\u201d led the meme-based coin to jump to $0.20 at around 1 a.m. EST. The currency jumped 9% by 7 a.m. on Friday, too. Details of what buyers can buy from Tesla with Dogecoin are now available. According to CNBC, details of what buyers can buy are now available. Musk has caused surges in the values of Dogecoin in the past and often made headlines with statements that seemed to show his love for the meme-based coin. He has also conducted a poll that asked if Tesla should accept Dogecoin for people to buy Tesla products. When it was released, there were more than 3.9 million votes, with 78.2% saying \u201cYes.\u201d Musk\u2019s tweets often led to a spike in the values of Dogecoin. Since Dogecoin is a meme-based coin, its values often rely upon social media hype and discussion to earn value. As per CNBC, Musk\u2019s tweets and surging interest from a wave of greenhorn investors often created a speculative frenzy in the cryptocurrency earlier this year and drove its prices higher. The recent tweet by Musk led to a jump of 15% in the value of the meme-based coin. Tesla Chief\u2019s tweets are not taken seriously However, there are riders to the offer from Tesla. Tesla will accept cryptocurrency as payment for a small number of items. Reuters confirmed that it includes a belt buckle Tesla makes called the \u201cGiga Texas,\u201d along with a whistle and mini models of their electric vehicles. However, the tweets and statements from the maverick technocrat are not taken seriously. For example, Musk had earlier announced that Tesla would accept Bitcoin as payment for its cars. He, however, backtracked on his statement and said that Bitcoin mining is environmentally destructive, and Tesla refused to accept BTC as payment for its wares. The post Elon Musk Tweet: Tesla Accepting Dogecoin, But There Is A Catch! appeared first on CoinGape.