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Elon Musk ‘rolls the chicken’ again, the price of Dogecoin bounces up after the news that Tesla and SpaceX accept payments in digital currency

The Independent reported that the digital currency Dogecoin jumped sharply after the post of billionaire Elon Musk, thereby showing that Tesla and SpaceX will accept this currency for payment.

“Tesla products can be purchased with Dogecoin and SpaceX soon follows,” Musk’s post shows.

Immediately after the above information, the price of Dogecoin rose by 10% before falling slightly to only 8% compared to before the post. Previously, the coin has lost more than 70% of its value since its peak in 2021.

Elon Musk 'rolled the chicken' again, the price of Dogecoin bounced up after the news that Tesla and SpaceX accept payments in digital currency - Photo 1.

In addition, when responding to comments, the Tesla founder also said that sooner or later, users of SpaceX’s Starling Internet service will be able to use cryptocurrencies to make payments.

Billionaire Elon Musk’s interest in Dogecoin has increased since 2021 when the Tesla founder regularly posts articles about this coin. Thanks to the statements of Elon Musk, the price of a wide range of cryptocurrencies, from Dogecoin to Bitcoin, has increased sharply.

However, after the news of the sale of Bitcoin and a decrease in the frequency of repetitions, the price of Dogecoin decreased gradually until January 14, 2022 when the Tesla founder again announced that this digital currency could be used to pay for customers. company’s products.

In 2021, Elon Musk claimed that Bitcoin could be used to pay for Tesla products, and also revealed that he had bought $1.5 billion in Bitcoin. However, not long after that when this coin increased, Elon Musk reversed the agreement to stop accepting Bitcoin while Tesla sold a large amount of this coin worth $ 272 million, thereby making a profit of $ 101 million.

Many investors at the time criticized Elon Musk for ‘cheating’ when making inconsistent statements and profiting on the losses of others.

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