Back in July 2021, Tesla CEO Elon Musk confirmed publicly during a conference that he owns a few cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin , but he has repeatedly favoured the latter in interviews and posts on social media.
Read moreIs Tesla going to accept Dogecoin?
Electric carmaker Tesla, Inc. (TSLA) has begun accepting the Dogecoin (DOGE) cryptocurrency for certain merchandise on its website . The company’s CEO Elon Musk made the announcement on Twitter early Friday, Jan. 14,1 after teasing the possibility toward the end of 2021.
Read moreIs there a Tesla cryptocurrency?
Dogecoin Surges as Tesla Begins Accepting the Crypto for Merchandise Purchases. Dogecoin surged Friday after Tesla began accepting the cryptocurrency for merchandise purchases on the electric-vehicle maker’s website.
Read moreIs Dogecoin a good investment?
Based entirely on the fact that Dogecoin has no real-world utility, I don’t recommend investors buy it . With the price significantly down from its recent high, scooping up this meme coin might seem like a low-risk move with big upside.
Read moreWill Elon Musk buy Dogecoin?
Elon Musk, Tesla’s founder and CEO, again threw his weight behind the meme-inspired cryptocurrency dogecoin. In a tweet on Jan. 14, Musk announced that Tesla is accepting dogecoin —”people’s crypto“—as payment for some merchandise on its website.
Read moreIs Dogecoin safe?
While Dogecoin infamously started out as a joke, investors take it a lot more seriously now. However, it’s still a very risky investment . That’s why experts recommend investing no more than 3% to 10% of your portfolio in cryptocurrencies.
Read moreWhat is Dogecoin used for?
Dogecoin initially started as a joke based on a popular meme featuring a Shiba Inu (a Japanese breed of dog). It is based on Litecoin and uses the same proof-of-work technology. Dogecoin has a loyal community of supporters who trade it and use it as a tipping currency for social media content .
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