After voting for Bitcoin, Tesla CEO Elon Musk has now said that if major Dogecoin cryptocurrency holders sell their coins, it will fully support them.
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system. Nearly 113 billion coins have already been mined.
“If major Dogecoin holders sell most of their coins, it will get my full support. Excess density is the only real issue imo (in my opinion),” Musk said in a tweet on Sunday.
Amid the rise in Bitcoin and Ether cryptocurrencies, Dogecoin has surpassed more than 659 percent this year.
For Musk, Dogecoin is a “human crypto” and he has even bought coins for his son.
Earlier this month, the tech billionaire encouraged a rise in the price of Dogecoin with a one-word “doge” tweet.
Dogecoin rose more than 50 percent in just 24 hours.
In subsequent tweets, the Tesla and SpaceX CEO said “Dogecoin is a human crypto” and “No arrogance, no arrogance, just Doge”.
Last week, Tesla announced that it has invested $ 1.5 billion in the cryptocurrency Bitcoin.
The news led to a rise in the price of one Bitcoin, which was hovering around $ 44,000,
Tesla said it will also “soon start accepting Bitcoin as a payment method for our products soon.”
The news comes amid renewed interest shown by Musk in cryptocurrency and requests from Tesla buyers to accept Bitcoin to buy the cars.
(Only the headline and image of this report may have been reworked by Industry Status staff; the rest of the content is automatically generated from syndicated feeds.)
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