And the cryptocurrency surged 11%. 🧐 engineering
for his tweets about the cryptocurrency that sees its fortunes turn every time Musk speaks about it.
Although Musk's car company has been more open to accepting Bitcoin in the past, his space venture SpaceX has. Tesla stopped the Bitcoin experiment, citing environmental concerns, but never let go of the coins it had received, which have seen some sharp rise and falls in the past year. Following Christmas, we have seen a dip in Bitcoin once again and while crypto coins seemed to be heading toward a downward trend, Musk has stepped forward once again to say that Tesla will accept Dogecoin. In all fairness, Tesla is only putting into action what Musk had said. But the timing is unlikely to be coincidental, given that Musk is not really a stickler for deadlines.
The decision has seen Dogecoin's value against the U.S. dollar soar by over 10 percent, Coindesk reported. However, there are only a few things in the store that one can purchase using DOGE, like the Cyberquad for kids for 12020 DOGE), GIGA Texas Belt Buckle for 835 DOGE), and the Cyberwhistle that was launched last month for 300 DOGE.
Musk had said in December that the DOGE was also an experiment and he would see how it goes. So, we shouldn't be surprised if another tweet shuts it down. Just enter your email and we’ll take care of the rest:
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