The tech entrepreneur is a big proponent of the cryptocurrency community. In a recent interview, Musk discussed the role of the crypto in the development of the official currency for Mars. He also discussed how Satoshi Nakamoto, the creator of bitcoin, could use the dogecoin network to help make the official currency of Mars. Despite his critical views on Bitcoin and other cryptocurrencies, Musk seems to think that the cryptocurrency has huge potential for commerce.
Elon Musk is one of the most famous supporters of Dogecoin cryptocurrency. In a tweet posted on October 29, the Tesla CEO said that the company will soon be allowing its customers to purchase merchandise with doge. The announcement caused a 20 percent increase in the value of the cryptocurrency. In addition, Musk parodied the meme currency with a humorous tweet. In a Twitter poll from May, he pasted the words “Doge meme shield” over a picture of a child. In another tweet, he pasted “Doge meme” over a soldier and a weapon.
Although Elon Musk has not officially endorsed the Dogecoin project, he has personally invested in it. The crypto’s asymmetric nature allows it to handle higher transaction volumes than other cryptocurrencies. In fact, it is more secure than bitcoin and does not have a fixed supply. The novelty of this currency also makes it a better alternative to the more popular Bitcoin. The emergence of this currency has led to many investors’ optimism.
Elon Musk and Dogecoin
The popularity of the crypto-currency is growing rapidly, thanks to Musk’s support for the cryptocurrency. It has already become a major part of the Tesla ecosystem, and Musk recently announced that Tesla will start accepting Dogecoin for its merchandise. It also boosted its price, as the company recently announced that the cryptocurrency will be accepted by the automaker. It is a promising time to invest in the dogecoin market.
Elon Musk is an active advocate of the crypto currency, and he has personally invested in the digital coin. He has publicly compared the dogecoin to bitcoin and has said that the latter is better than bitcoin, and can handle higher transaction volumes. The cryptocurrency is not limited to one single use. Its creator, Jackson Palmer, has shared his code with the world’s largest companies. As of the time of this writing, it has been used to store money on the moon.
Musk has been a strong supporter of the cryptocurrency. He even has tweeted about the potential of the digital currency in his personal life. The Tesla chief also recently announced that Tesla would be accepting Bitcoin payments for the company’s merchandise. The carmaker’s stock has jumped by 3% after the announcement. However, the tech giant has remained away from Bitcoin due to environmental concerns. As a result, he has embraced the currency to attract more consumers.