Dogecoin surged Elon Musk once again, stirring up the cryptocurrency market by suggesting that Dogecoin (DOGE) should be accepted as a payment method for Tesla vehicles.
The value surged by 15% following remarks by Elon Musk, the tech magnate, who was a self-proclaimed “Dogefather.”
Dogecoin Value Surged 15%
Dogecoin’s value surged 15% on Thursday morning (March 14) after Musk’s remarks. Yahoo! Musk, a longtime supporter of Dogecoin, first expressed his interest in the digital currency in 2019, calling it his favorite cryptocurrency, according to the report.
Elon Musk commented in an interview at Tesla’s Berlin Gigafactory
The report said that the recent search for Dogecoin’s popularity can be traced back to Musk’s comments during a Q&A session at Tesla’s Berlin Gigafactory. When asked about the potential of buying a Tesla with Dogecoin, Musk responded, “At some point, I think we should enable that.”
“Dogecoin To The Moon” Dogecoin Catchphrase”
According to the report, Elon Musk’s Remarks and the repetition of the famous Dogecoin catchphrase, “Dogecoin to the moon,” were met with cheers from the audience.
According to the report, Musk’s support for a dogecoin is not random. He said his endorsement of the cryptocurrency came after requests from people of Tesla and SpaceX.
Viewing it as the “people crypto,” Musk decided to back Dogecoin, which has already seen Tesla merchandise purchasable with DOGE.
Bitcoin was previously used to make payments for Tesla.
The report states that Tesla previously accepted Bitcoin as a form of payment for its vehicles but discontinued the program due to environmental concerns and exceptionally high emissions from fossil fuels used in Bitcoin mining and transactions.
Elon Musk and Bloomberg Regarding Cryptocurrency
Musk continued his support of Dogecoin even during the free-falling cryptocurrency market of June 2022, telling Bloomberg that he would continue to buy and hold the meme coin.
Musk said, “Many people who are not that wealthy have encouraged me to buy and support Dogecoin.”
The dogecoin value surge began as a joke, originating in the Doge meme that became popular in 2013. It was meant to be a quicker and “fun” Bitcoin alternative.
However, the cryptocurrency gained an expansion often spiked in response to Musk’s comment.
Frequently Ask Questions
Is Dogecoin a good investment?
Dogecoin is a volatile asset and a promising cryptocurrency in the future.
Will Tesla use Dogecoin?
Tesla is about to accept Dogecoin to purchase Tesla vehicles. According to Elon Musk’s recent comment about Dogecoin usage, it is clear that Tesla will accept cryptocurrency in the future.
Elon Musk’s Quotes
“The key to making things affordable is design and technology improvements as well as scale.”
“Over time, we will probably see a closer merger of biological and digital intelligence.”
“The path to the CEO’s office should not be through the CEO’s or marketing department. It needs to be thorough engineering and design.”
Description
Dogecoin Value Surged 15% After Elon Musk Remarks Update in 2024! Elon Musk is once again stirring up the cryptocurrency…