Friday, May 30, 2025

Latest

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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Elon Musk’s Taiwan Special Zone Idea: China Says Thanks, Taiwan Says Democracy “Not For Sale”

If US House Speaker Nancy Pelosi risked a potential escalation by visiting Taiwan, Tesla CEO...

Monday, October 10, 2022, 01:08:00 PM

California Judge Forces Tesla To Face Allegations of Misleading Autopilot and FSD Claims

A California administrative judge has ruled that Tesla Inc. (NASDAQ: TSLA) must confront allegations from...

Tuesday, June 11, 2024, 02:53:00 PM

No, Elon Musk Can’t Just Pay $1.0 Billion To Walk Away From Twitter Deal

Elon Musk has seemingly found himself in a pickle when it comes to funding his...

Friday, October 7, 2022, 03:45:00 PM

Why Trump and Musk Are Stirring Up Fort Knox Gold Drama

It may have something to do with the debt ceiling....
Monday, February 24, 2025, 04:28:00 PM

Have Democrats Started Rallying Against Elon Musk?

Or are they still doing “everything they can to ignore” him? Barely a week after...

Wednesday, May 25, 2022, 03:07:00 PM