Elon Musk News

Elon Musk has been a long-time advocate for Dogecoin, a meme-themed cryptocurrency. He frequently makes jokes about it and has talked about it on various platforms, including Saturday Night Live. His support has often led to spikes in Dogecoin’s price.

Musk’s companies, Tesla and SpaceX, have held Bitcoin on their balance sheets. Tesla, in particular, has been known to accept Bitcoin for payments at certain times, although this has been subject to change based on environmental concerns. Musk himself has indicated that Bitcoin, along with Dogecoin and Ether, are among his personal cryptocurrency holdings.

Musk took charge of President Trump’s new Department of Government Efficiency, which shares an acronym with Dogecoin, further playing into the meme culture.