Elon Musk tweeted on Thursday that he continued to mess with cryptocurrencies and is working with Dogecoin developers to develop more efficient transactions.
Tweets have significantly increased the price of Dogecoin.
Only 24 hours after Musk tweeted Tesla. (((TSLA)- Get the report Due to the environmental impact of Bitcoin mining, we will no longer accept Bitcoin for payment. The tweet sent both Bitcoin and Dogecoin to Tail Spin overnight.
At the end of Thursday, Musk tweeted that there was “potentially promising” progress in Dogecoin, but he didn’t provide any further details. Earlier in the day, he provided a supportive tweet about common cryptocurrencies. “I strongly believe in cryptocurrencies, but I can’t promote the use of fossil fuels, especially the significant increase in coal,” Musk tweeted.
Musk frequently tweeted about other digital currencies, including Dogecoin, originally created as a joke, but now boasts a market capitalization of $ 58 billion.
Tesla shares fell following reports on Tuesday The company faces resistance from Chinese authorities Plan to expand Gigafactory in Shanghai. Musk also tweeted a poll question asking if Tesla should accept Dogecoin as a payment.
Earlier this month Tesla raises model 3 vehicle price by $ 500 And that model Y sports utility model is almost 1%.
Tesla’s share price fell 1% in after-hours trading to $ 584.20.
Musk Tweets He’s Working on More Efficient Dogecoin Transactions Source link Musk Tweets He’s Working on More Efficient Dogecoin Transactions