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 moreWhat cryptocurrency is Elon Musk involved with?
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 moreCan you make money with Dogecoin?
Yes, people have indeed made plenty of money from buying Dogecoin , and although it was very much initially intended as a joke currency, if you can afford to put a small amount of money into it then it might not be such a bad idea.
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.
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