Business
Elon Musk Says Tesla Goods ‘Buyable’ With Dogecoin; Meme Coin Jumps
The Meme-based cryptocurrency Dogecoin spiked on Friday after Tesla Inc chief Elon Musk said the electric car maker would accept it as payment for goods.
“Tesla goods can be purchased with Dogecoin,” Musk tweeted.
His mid-December tweet saying that such use of dogecoin would be allowed on a trial basis sent the cryptocurrency up more than 20%.
Dogecoin, popular among retail investors, jumped 18% above $0.2 after Friday’s tweet.
Musk’s tweets about crypto, including what he calls it “everyone’s cryptocurrency,” boosted the coin’s meme and sent it soaring around 4,000% in 2021.
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