Summary
TLDR: Elon Musk said during a visit to a Tesla plant in Berlin that he would like the company to accept Dogecoin as payment for vehicles. He started supporting the cryptocurrency after being encouraged by employees at Tesla and SpaceX. Dogecoin’s price jumped on his comments and is currently trading at $0.17, up 4% in the past 24 hours and over 115% in the past 30 days. Tesla previously invested in Bitcoin, sold a large portion of its holdings, and then started accepting the virtual coin again.
Key Points
1. Elon Musk expressed interest in allowing Tesla to accept Dogecoin as payment for vehicles during a visit to a Tesla plant near Berlin.
2. Dogecoin, originally created as a joke, has seen a surge in popularity and value, with Musk supporting it and Tesla already accepting it for merchandise.
3. Dogecoin’s price jumped following Musk’s comments, trading at $0.18 before dropping to $0.17, showing a 4% increase over the past 24 hours and over 115% increase in the past 30 days.