Elon Musk just dropped a message that will probably influence the price of Dogecoin. Check out the relevant tweet that he just dropped on social media.
He said that Tesla would start accepting the digital asset and see how things go from there.
Tesla will make some merch buyable with Doge & see how it goes
— Elon Musk (@elonmusk) December 14, 2021
A commenter said: “The man already said a million times that Bitcoin is not good for purchases. One reason is the transaction fees. Nothing beats doge right now.”
Someone else said: “Why not #Bitcoin on Lightning? This seems like you desperatly want to save the Doge community. Don’t bother with that its a shitcoin…”
One other follower posted this: “He exercised his stock options and he would need to pay huge tax on it, so he is pumping doge again to sell some of it and pay his taxes. Literally using his twitter acc for fraud.”
Elon Musk in the news
Last month, Musk made headlines again in relation to Bitcoin.
Back then, Michael Saylor had a proposal for Elon Musk. Check out what he replied via Twitter in the post below.
If the goal is diversification, an alternate strategy to consider is converting the $TSLA balance sheet to a #Bitcoin Standard and purchasing $25 billion in $BTC. That would deliver diversification, inflation protection, & more upside for all investors in a tax efficient manner.
— Michael Saylor⚡️ (@saylor) November 6, 2021
A commenter hopped in the comments and left this message: “Bitcoin is the most significant innovation on behalf of human rights that you have witnessed in your lifetime. I will not bear silent witness to crimes against humanity simply to appease your lack of study. Educational resources are abundant and available, you have no excuse.”
Stay tuned for more juicy crypto-related news, and make sure to keep your eyes on the market.