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Dogecoin surges after Elon Musk teases Tesla acceptance

Dogecoin has been on the run, surging as much as 33% after Tesla CEO Elon Musk said the electric-car maker would accept dogecoin…

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Dogecoin surges after Elon Musk teases Tesla acceptance

Dogecoin has been on the run, surging as much as 33% after Tesla CEO Elon Musk said the electric-car maker would accept dogecoins as payment for its merchandise.

No doubt, Elon Musk, a cryptocurrency supporter, has often endorsed dogecoin and said it is better for transactions, most recently in an interview to the Time magazine, which named him “Person of the Year” for 2021 on Monday.

In a “Tesla will make some merch buyable with Doge & see how it goes,” Musk tweeted. However, the Multi Billionaire does not see the crypto sector succeeding as many crypto fanatics otherwise do.
Musk said he “doubts that crypto will replace fiat currency.”

Meanwhile, you will recall that Musk had asked users in May if they wanted Tesla to accept dogecoin in a Twitter poll. He had called dogecoin a ‘hustle’ during his guest-host spot on the “Saturday Night Live” comedy sketch TV show in May.

Musk, who has over 66 million followers on Twitter, has been highly engaged in this year’s retail trading frenzy, tweeting about cryptocurrencies and helping send their prices soaring.

Dogecoin surges after Elon Musk teases Tesla acceptance

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