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 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 moreWhat is Elon Musk going to do with Dogecoin?
Plans to accept dogecoin as payment have been in the works for a while. In December, Musk tweeted that “Tesla will make some merch buyable with Doge & see how it goes .” Musk is a high-profile supporter of dogecoin and his tweets often move the price of the cryptocurrency.
Read moreWhat did Elon Musk say about Dogecoin?
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 moreWhat is Elon Musk’s new cryptocurrency?
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.15 Oca 2022
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