Tesla may provide Dogecoin payment facility, Elon Musk hints
Famous businessman and Tesla’s CEO Elon Musk indicated that he is going to accept dogecoin as a payment option for Tesla. Recently burning giga factory event happened and the reporter asked question to him regarding doge coin implementation as a payment so he said, “I think we should enable it”. However, he is not clear about the time regarding the dogecoin as a payment option. Elon Musk supports dogecoin because it is a currency for the common people and according to him, bitcoins are for the richest people and dogecoin for the general public. This is the only reason that Elon Musk supports this particular currency.
The general public buys Dogecoin and whales buy Bitcoin however Elon Musk is a whale too. it is good that he is supporting the general public here and he is providing an opportunity for the retail investors because after the statement Tesla investors will go to invest in later the coin will pump. similarly, we have seen in the past bull season that time dogecoin made many investors rich. Now people are waiting for it to going to be enabled as a Tesla payment option.
Elon Musk is a Dogecoin supporter and not just a Tesla but he can also enable the dogecoin as a payment option for the X platform and at that time we cannot imagine the price jump in the Dogecoin. From time to time Elon Musk promoted dogecoin on different platforms and that eventually helped dodge coin to rise. after this announcement, dogecoin rose by 8 %. Moreover, Has started accepting Dogecoin payments for his company's merchandise in January 2022.
It was a time when Dogecoin was trading around the very cheapest price and I’m talking about 2018 that time no one thought that Elon Musk would enter in cryptocurrency world and support Dogecoin otherwise many people like me would have bought this particular coin. Currently, Dogecoin is much higher than that cheap price and now the price is not like before you can see that Dogecoin is very expensive when compared with other meme coins. Other sides shiba inu is doing great so it is not bad to add some portfolio here. always invest that you can afford to lose don’t forget this money management strategy otherwise crypto will be very risky for you.
If you can do money management and risk management carefully then there is no chance of loss in the cryptocurrency but you should know about fundamentals and some technical analysis as well even though you are not trading but you are in crypto then you should learn little technical analysis all the major patterns and indicators so that is what I want to share in this post if you like this post and hit reblog button and also share this post on social media. I will meet you in my next blog take care.
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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Dogecoin is expected to bring good quality profits very soon. It has a pretty good chance of getting pumping very soon.
right it is not bad to invest minimum amount in the memecoins
didn't they have it before in the past?
I think he was talking about a complete implementation
oh i see O.O that will be interesting if it actually goes thru then
But we should not forget that he is a businessman 😃
o.o of course how can we forget
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As soon as musk talks about dogecoin it's value rises somewhat but I dont think he will make dogecoin as a payment method for Tesla he just wants to be in the news and he always does a great job in doing that.
that's true because he is a businessman. But taking benefit of the hype is not bad.
I think right now he is the Illuminati's front man and they sidelined Jeff Bezoz because musk some how fit their hidden agendas better.