Elon Musk announced on Twitter that anyone could purchase Tesla merchandise with Dogecoin. Dogecoins is the 11th most valuable cryptocurrency, with a market worth of $25.2 billion. The Cyberwhistle, the Giga Texas Belt Buckle, and the Cyberquad for Kids can be easily bought. Many people are ecstatic that Musk’s post went viral, but some are sceptical of his intentions.
According to the Tesla website, Dogecoin may be used to purchase things like as the Cyberwhistle, Giga Texas Belt Buckle, and Cyberquad for Kids Cryptocurrency. Anyone may now purchase Tesla merchandise with Dogecoin. Dogecoin is the 11th most valued cryptocurrency, with a market valuation of $25.2 billion. Elon Musk has repeatedly demonstrated that his tweets have a wide-ranging impact on the bitcoin market. Once again, the millionaire proved it.
He mentioned Dogecoin this time. “Tesla stuff is now available with Dogecoin,” Musk commented. The Tesla CEO’s comment has prompted a lot of discussion among Dogecoin supporters. After Musk’s post, the value of Dogecoin increased by about 20%. It was also included as a payment option in the Tesla website.
Dogecoin was trading at $15.63 at the time of publication. Many individuals were likewise ecstatic after Musk’s post went viral. Tesla introduces TeslaMic for its in-car karaoke system as part of the Chinese New Year software update. Billy Markus, co-creator of Dogecoin, was among many who tweeted their support for the action. The official Twitter account of the bitcoin exchange also tweeted a photo of a Doge riding in a Tesla automobile.
“Tesla embracing Dogecoin is enormous!” wrote crypto YouTuber Matt Wallace. “Dogecoin to the moon!” Wallace wrote in another tweet. Nahid Hasan, a crypto influencer, responded to Musk’s tweet with a humorous meme. However, other people were sceptical about Elon Musk’s motivations for this unexpected action. One commenter expressed concern that people should be “wary” because the value of Dogecoin has risen in the past following such a tweet. Musk may try to liquidate his stakes now that Dogecoin’s graph is changing, according to the user.