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 moreDid Elon Musk say to buy Dogecoin?
Singapore Meme-based cryptocurrency dogecoin jumped on Friday after Tesla (TSLA) chief Elon Musk said the electric carmaker will accept it as payment for merchandise . “Tesla merch buyable with Dogecoin,” Musk tweeted.
Read moreWho is owner of Dogecoin?
Billy Markus , the co-founder of meme cryptocurrency Dogecoin has asked supporters to “stay cool” amid the cryptocurrency failing to gain any significant traction since January 2022.
Read moreIs Elon Musk still supporting Dogecoin?
The Tesla CEO is a staunch supporter of Dogecoin . This became clear after a recent Twitter spat between Musk and Binance CEO Changpeng Zhao. The billionaire investor and founder of SpaceX raised concerns on behalf of Dogecoin holders regarding the recent DOGE problem at cryptocurrency exchange Binance.
Read moreWhich coin is Elon Musk buying?
Tesla Inc merchandise can be bought using the digital currency dogecoin , the electric-car maker’s Chief Executive Officer Elon Musk said in a tweet on Friday.
Read moreWhat is Dogecoin Elon Musk?
Musk has been a longtime champion of the cryptocurrency, tweeting, “Dogecoin is the people’s crypto,” last February. Dogecoin started as a spoof coin featuring the face of a Shiba Inu and has steadily risen in value, reaching over ten cents in April of 2021.
Read more