In an interview for TIME, the businessman stated that the cryptocurrency ‘Dogecoin’ is a better option than ‘Bitcoin’ when it comes to buying and making transactions, compared to its competition, which is better as a store of value.
According to investor and entrepreneurย Elon Muskย ,ย dogecoinsย are a better transaction-ย wiseย , as the high value of bitcoinย serves more as a high-value storeย .ย Therefore, heย confirmed that Tesla would accept dogecoins as a form of paymentย in only some products.
From clothing, accessories and moreย merchandise for vehiclesย , they can be purchased withย the cryptocurrency that began as a jokeย , based mainly on the old meme of “doge”, a dog with a unique look.
After his interview withย TIMEย , where he was namedย Person of the Yearย , and his Tweet announced the introduction to his company, theย value of dogecoins increased up to 24 percent , currently continues to have different peaks and spreads as a trend on social networks.
Thisย is not the first time that Elon Musk has raised the value of the cryptocurrencyย ;ย Almost a year ago, the visionary tweeted about “doge”, causing the coin to rise and, from time to time, cause such a reaction again.
Over time and if it works well, they will determine how they do with this cryptocurrency;ย maybe, in the future, you can buy a car with dogecoins.
Tesla will make some merch buyable with Doge & see how it goes
— Elon Musk (@elonmusk) December 14, 2021
https://twitter.com/BillyM2k/status/1470408646286708743