Elon Musk is responsible for a meteoric rise of yet another crypto token . As opposed to the usual dog coins Dogecoin and Shiba Inu, this time, the Tesla CEO managed to boost a completely new token in the crypto market.
Read moreHow many Bitcoins does Elon Musk own?
That’s the question that had arisen after the eccentric billionaire sold over 934,000 shares of Tesla, where he’s the CEO. So far, Musk owns 43,200 Bitcoin (BTC), which is worth $2.79 billion as of press time.
Read moreWhat is Elon musks plan with Dogecoin?
Tesla, the electric carmaker headed by billionaire Elon Musk, has started to allow people to buy brand merchandise using Dogecoin, a cryptocurrency initially started as a joke. Mr Musk announced the development on Twitter on Friday, a month after hinting of the plans.
Read moreWhy is Elon supporting Dogecoin?
Elon Musk reveals reasons behind support for Dogecoin “Fundamentally, Bitcoin is not a good substitute for transactional currency,” Musk said. “Even though it was created as a silly joke, Dogecoin is better suited for transactions . The transaction volume of Bitcoin is low, and the cost per transaction is high.”
Read moreIs Elon Musk backing Dogecoin?
Elon Musk has always backed Dogecoin , a cryptocurrency based on memes, in which he holds investments, besides in Bitcoin and Ether.
Read moreElon Musk DOGE için ne diyor?
Musk açıkladı: Bitcoin’den daha uygun Bir değer deposu için uygun, ancak işlemsel para birimi için iyi bir ikame değil. Dogecoin işlemler için daha uygun” ifadelerini kullandı. Musk , “Doge biraz enflasyonist ancak zamanla azalıyor” dedi.
Read moreDOGE Coinin arkasında kim var?
Dogecoin , eşler arası (peer-to-peer) bir kripto para oluşturma amacıyla yola çıkan Portland, Oregon’dan IBM yazılım mühendisi Billy Markus ve Adobe yazılım mühendisi Jackson Palmer tarafından Bitcoin’den daha geniş bir demografiye ulaşabilme ümidiyle icat edildi.
Read more