Julia Jackson in Cryptocurrency On 03/14/2024

Elon Musk Once Again Backs Dogecoin – Memecoin Value Surges by 15%

In future, Elon Musk, the billionaire entrepreneur, may sell his Tesla electric cars for Dogecoin, the meme cryptocurrency. Musk hinted this possibility during his visit to a Tesla factory near Berlin.

“At some point, I think we should implement this,” Musk said, responding to a factory employee who asked about the idea of accepting meme cryptocurrency for payments.

Popularity of Dogecoin among Tesla Employees

Musk stated that there have been numerous requests from his Tesla employees to support Dogecoin, transforming it into an official payment method for company goods. Tesla’s workforce interest underpins the meme cryptocurrency’s general popularity. “Doge is a people’s crypto, so I support it,” Musk declared.

Impact on Dogecoin Value

He also noted that since January 2022, Tesla has been selling merchandise in exchange for Dogecoin, remembering this, following Musk’s statement, Dogecoin’s worth soared by approximately 15%. However, at the time of writing, the value slightly declined to around $0.1814 per coin, as per CoinDesk’s data.

This post was last modified on 03/14/2024

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Julia Jackson: Hey there! I'm Julia Jackson, your friendly neighborhood tech geek, always navigating the exciting realms of technology with unbridled enthusiasm. Born and raised in the digital age, I've been on a relentless quest to understand and unravel the intricacies of the ever-evolving tech landscape. Hailing from a generation that witnessed the meteoric rise of the internet, I've been a digital native since the dial-up days. From the nostalgic hum of connecting to the World Wide Web to the lightning-fast speeds of today's fiber optics, I've witnessed and adapted to the digital evolution with a keen eye and a passion for all things tech. My love affair with technology goes beyond just using gadgets; I'm driven by an insatiable curiosity to understand the nuts and bolts that power our digital world. Whether it's coding languages, emerging technologies, or the latest in artificial intelligence, I'm always eager to delve deeper and unravel the mysteries that make our digital existence possible. Beyond my personal pursuits, I'm deeply committed to fostering a sense of community in the tech world. Whether through sharing knowledge on online forums, attending tech meetups, or mentoring aspiring techies, I believe in the power of collaboration and knowledge sharing to propel us all forward.