Dogecoin price soared after Tesla CEO tweeted about buying Tesla with Dogecoin

Dogecoin hops after Elon Musk reported Doge can be utilized for purchasing Tesla stuff

Dogecoin hops after Elon Musk reported Doge can be utilized for purchasing Tesla stuff



Dogecoin jumped in appreciation on Friday after Tesla CEO Elon Musk said Dogecoin could be used to buy Tesla stock.

The news: Musk said on Twitter Friday morning that a Tesla product can be purchased using Dogecoin, the image-based cryptocurrency that became popular online in 2021.

What he said: “Tesla merchandise can be bought with Dogecoin,” Musk said.

What happened: Dogecoin rebounded by $0.20 at around 1 AM ET. The coin jumped 9% by 7 a.m. on Friday, too.

What you can buy: According to CNBC, there are now some ideas for what you can buy from a Tesla.

  • Tesla's Cybertruck whistle costs 300 dogecoins (so about $59).
  • Tesla's Gigafactory belt clasp costs 835 dogecoin (about $164).

Dogecoin flashbacks

Musk has emerged as really worth reporting on Dogecoin through digital currency manipulation. He once took out a survey that asked whether Tesla should recognize Dogecoin for individuals to purchase Tesla items. There were more than 3.9 million votes at the time of delivery, with 78.2% saying 'agree'.


Why is Dogecoin important?

 Musk's tweets have regularly prompted a spike in Dogecoin incentives. The combined image of digital currency in terms of advertising and media conversations relies on the web to gain recognition, she writes for Deseret News. Musk's tweets are a big part of that, as his tweets have regularly pushed these leaps in the past.

According to CNBC, about Dogecoin

 “Tweets from Musk and revenue streams from a rush of junior financial backers have recently caused a theoretical buzz in cryptocurrency, driving up its cost.”