Dogecoin soared as Elon Musk says Tesla will test Doge for buying
Elon Musk recently announced that Tesla will accept Dogecoin for payments for goods and see if it works out well.
Tesla CEO and one of those with the greatest influence on Twitter posts about the crypto world, Elon Musk, has announced through this social network that he will start accepting Dogecoin as payment for goods.
"Tesla will be able to buy some products with the Doge to see how it goes," Elon Musk wrote in a tweet.
Dogecoin up more than 20% based on Elon Musk's Twitter words
This news comes a day after Elon Musk was declared Time magazine's Person of the Year for 2022, commenti
“Bitcoin is not a good alternative to transaction currency. Although it was created as a silly joke, Dogecoin is more suitable for transactions. The overall flow of transactions you make with Dogecoin, like everyday transactions, has much greater potential than that of Dogecoin,” Musk said. Bitcoin.
However, while it is now criticizing Bitcoin as an everyday payment method, Elon Musk's electric car company Tesla adopted BTC as a payment method for its electric cars earlier this year, driving the price of Bitcoin hard. Subsequently, he rejected the Bitcoin payment due to the narrative that Bitcoin mining and transactions were consuming a lot of fossil fuels.
However, this is why the same is now expected to happen with Dogecoin when this announcement is made. This doge has grown exponentially, and the same thing happened to Bitcoin. The fact is that at the time of writing the article, the price of the Doji cryptocurrency has increased by more than 20%, bringing it to $0.1945.
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