Elon Musk: Tesla will start selling merchandise for Dogecoin
Car manufacturer Tesla will be offering merchandise for sale with dogecoin (DOGE) according to Tesla CEO Elon Musk.
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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.
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AUTHOR
Tim is the Editor-In-Chief of The Block. He writes about the evolution of crypto technology and the people who are at the forefront of it. He provided exclusive, source-based insights into the launches of the Bitcoin and Ethereum ETFs, crypto sales by the FTX Estate and the Trump-linked World Liberty Financial project. 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.
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