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Dogecoin has jumped 13% over the past 24 hours on Tuesday to around $0.068, after Elon Musk reiterated his support for the meme coin, even though the crypto has lost more than 90% of its value from its all-time high in May 2021.
Musk, chief executive at both Tesla TSLA, +10.90% and SpaceX, said Tuesday that SpaceX will accept Dogecoin DOGEUSD, +12.44% for some merchandise, after Tesla made a similar move in January.
In an interview with Bloomberg Editor-In-Chief John Micklethwait at the Qatar Economic Forum, Musk said he bought some dogecoin and intended to personally support the cryptocurrency because âI just know a lot of people who are not that wealthy who, you know, have encouraged me to buy and support Dogecoin.â
âIâm responding to those people and just people that, when Iâve walked around the factory at SpaceX or Tesla, theyâve asked me to support Dogecoin, so Iâm doing so,â Musk said in the interview.
âTesla accepts Dogecoin for some merchandise and SpaceX will do the same,â Musk said.
https://www.marketwatch.com/story/elon-musk-says-spacex-will-accept-dogecoin-for-some-merchandise-though-the-crypto-is-down-90-from-all-time-high-11655824820
Musk, chief executive at both Tesla TSLA, +10.90% and SpaceX, said Tuesday that SpaceX will accept Dogecoin DOGEUSD, +12.44% for some merchandise, after Tesla made a similar move in January.
In an interview with Bloomberg Editor-In-Chief John Micklethwait at the Qatar Economic Forum, Musk said he bought some dogecoin and intended to personally support the cryptocurrency because âI just know a lot of people who are not that wealthy who, you know, have encouraged me to buy and support Dogecoin.â
âIâm responding to those people and just people that, when Iâve walked around the factory at SpaceX or Tesla, theyâve asked me to support Dogecoin, so Iâm doing so,â Musk said in the interview.
âTesla accepts Dogecoin for some merchandise and SpaceX will do the same,â Musk said.
https://www.marketwatch.com/story/elon-musk-says-spacex-will-accept-dogecoin-for-some-merchandise-though-the-crypto-is-down-90-from-all-time-high-11655824820