Tesla CEO Elon Musk believes that even though Dogecoin was created as a silly joke, it is much better suited for transactions than Bitcoin . In a recent interview with TIME magazine, after being named TIME’s Person of the year, he said, “Fundamentally, Bitcoin is not a good substitute for transactional currency.”
Read moreWhy is Elon tweeting about Dogecoin?
The cryptocurrency that started as a joke can be used for Tesla merchandise. Originally started as joke poking fun at the crypto market, Dogecoin surged some 10% on Friday. Dogecoin rallied Friday after Tesla CEO Elon Musk tweeted the carmaker would now accept the cryptocurrency as payment for merchandise .
Read moreWho is the richest bitcoin owner?
Changpeng Zhao is the richest cryptocurrency entrepreneur tracked by the Bloomberg Billionaires Index. * Based on 1.1 million Bitcoins that may be owned by the token’s inventor, Satoshi Nakamoto.
Read moreDoes Elon Musk own any bitcoin?
Elon Musk owns only three cryptocurrencies , and one of them is Dogecoin – Protocol. Buy now. Pay later.24 Eki 2021
Read moreHow much bitcoin does Elon Musk have?
Elon Musk’s Tesla holds 42,902 bitcoins , worth around $2.8 billion.21 Eki 2021
Read moreDoes Tesla still own bitcoin?
Tesla still owns $2 billion in bitcoin , but crypto volatility has taken a toll | CNN Business.
Read moreWhat is Elon Musk bitcoin called?
Named $EDGELON or Lord Edge , the token takes its inspiration from Elon Musk’s latest stint on Twitter. Musk changed his name to Lorde Edge on Twitter on Monday, sparking a discussion among the Twitterati on the possible reason of the change of name.
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