Tesla Launches Dogecoin Payments in Online Shop, Price Jumps 17% - Aliens: AI Crypto News & Markets Updates
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Tesla Launches Dogecoin Payments in Online Shop, Price Jumps 17%

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Blockworks

Fri, Jan 14, 2022

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The price of the shibu-inu themed dogecoin is up over 17% after payments in the crypto went live on the Tesla shop Dogecoin is up over 4000% since Musk tweeted “One word: Doge” on Dec. 20, 2020.

Musk said that Tesla would soon accept payments in dogecoin for Tesla merchandise, just last month.

Tesla CEO Elon Musk has long been a proponent of the affable meme coin which he has promoted on several occasions including on US television during a Saturday Night Live skit in which he called dogecoin the “the future of currency.” Twitter posts featuring the coin have been a staple of Musk’s social media habits, and his DOGE mentions are usually correlated with significant price volatility.

His first tweet mentioning dogecoin was Apr. 2, 2019 when he called the crypto “pretty cool.” Musk has said he personally owns only bitcoin, ether and dogecoin, and Tesla holds around 42,900 BTC on its corporate balance sheet, second only to MicroStrategy, according to the Bitcoin Treasuries list at buybitcoinworldwide.com .

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