Elon Musk: Tesla will start selling merchandise for Dogecoin
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.
Car manufacturer Tesla will be offering merchandise for sale with dogecoin (DOGE) according to Tesla CEO Elon Musk.
"
The price of dogecoin surged 20% on his tweet, rising as high as $0.20.
Musk has been a longtime fan of dogecoin. He has invested in it, bought it for his toddler and has even discussed with its developers about making it handle a higher throughput.
When he was named Time Magazine's man of the year, he said, “Fundamentally, bitcoin is not a good substitute for transactional currency." Instead, he suggested dogecoin — even though it was created as a joke.
For more breaking stories like this, make sure to follow The Block on Twitter.
AUTHOR
Tim Copeland is the Head of Growth at The Block and host of The Crypto Beat, a live-streaming podcast. He was previously the company's Editor-in-Chief and spent seven years covering the industry as a journalist. Prior to joining The Block, Tim was a news editor at Decrypt. He earned a bachelor's degree in philosophy from the University of York and studied news journalism at Press Association Training. Follow him on X @Timccopeland.
See More
