Thursday, October 30, 2025

Dogecoin Sent Soaring After Elon Musk Says Tesla Will Accept the Crypto as Payment

Dogecoin was sent soaring Tuesday morning, after Elon Musk took to twitter to announce that Tesla would begin accepting the cryptocurrency as payment for certain products.

The meme cryptocurrency jumped over 20% on Tuesday, after Musk said the EV company would begin accepting dogecoin as payment for certain merchandise. “Tesla will make some merch buyable with Doge & see how it goes,” tweeted the Tesla CEO. Just a day earlier, Musk teased that dogecoin is “better suited for transactions” compared to bitcoin during an interview with Time magazine.

“Fundamentally, bitcoin is not a good substitute for transactional currency. Even though it was created as a silly joke, dogecoin is better suited for transactions,” Musk explained. The crypto market promptly reacted to the news, sending the price of bitcoin plummeting and the meme currency soaring.


Information for this briefing was found via twitter and Time. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Silver47 Completes Property-Wide Geochemical, Rock Sampling Program At Adams Plateau, Identifies Numerous Targets

Altamira Gold Identifies Presence Of Second Mineralized Porphyry Body At Cajueiro

Related News

France’s AFP Sues Elon Musk’s Twitter/X for Refusal to Pay For Links Shared on the Platform

Agence France-Presse (AFP) has recently announced that it is pursuing legal action against X, the...

Saturday, August 5, 2023, 09:07:00 AM

US Court Rejects Tesla’s Bid to Block Battery Technology Sales

A US federal judge has rejected Tesla‘s (Nasdaq: TSLA) bid to stop Matthews International Corp...

Sunday, February 23, 2025, 11:19:00 AM

Tesla Q2 2025: Cash Flow Cratered 89%, Guidance “Difficult To Measure”

Tesla (NASDAQ: TSLA) reported Q2 2025 results, with total revenue falling 12% YoY to $22.50...

Thursday, July 24, 2025, 08:14:53 AM

What’s Next For Musk’s Twitter: New CEO, Longer Tweets, “Extremely Hardcore” Management

Elon Musk stated on Wednesday that he expects to spend less time at Twitter and...

Thursday, November 17, 2022, 10:43:00 AM

xAI Executives’ Exits Reportedly After Clashes With Musk’s Inner Circle

Several xAI executives resigned in recent months after clashes with Elon Musk’s close advisers Jared...

Saturday, September 20, 2025, 11:36:00 AM