$DOGE Price Surges After Tesla CEO Elon Musk Says “Dogecoin to the Moon”

On March 13, SpaceX and Tesla CEO Elon Musk talked about Bitcoin while visiting the Berlin Gigafactory.

The Berlin Gigafactory is a massive manufacturing plant owned and operated by Tesla, located in Grünheide, near Berlin, Germany. This facility represents Tesla’s first major production hub in Europe and is primarily focused on building the popular electric SUV, the Model Y. It also produces batteries and powertrains for Tesla vehicles. The Gigafactory is designed for immense production capacity, allowing Tesla to meet the growing demand for electric vehicles across the European market.

Dogecoin ($DOGE) is a cryptocurrency that began as a joke in December 2013, inspired by the popular “Doge” meme featuring a Shiba Inu dog. Despite its humorous origins, Dogecoin quickly gained a strong community and became a notable digital currency used for tipping and charitable donations online.

Unlike Bitcoin, which was designed with a cap to limit the total number of coins, Dogecoin has an unlimited supply, encouraging its use as a medium for transaction rather than a finite store of value. It uses a proof-of-work consensus algorithm, similar to Bitcoin’s, but with quicker block generation times, making transactions faster and more efficient.

Anyway, going back to Musk’s visit to Tesla’s massive production facility in Berlin, Germany, he asked by an audience member when it would be possible to buy a Tesla car with Dogecoin.

Musk replied:

“Well, at some point, we should enable that… You can buy Tesla merch with DOGE, which is cool… So, Dogecoin to the moon!“

He then explained the reason that he had become an endorser of Dogecoin was because some time ago, he was asked by some factory workers of Tesla and SpaceX if he could support Dogecoin, and so he decided to support $DOGE because he saw it as “the people’s crypto.”

At the time of writing, $DOGE is trading at around $0.188, up 9.24% in the past 24-hour period.

DOGEUSD 2024 03 14 07 08 48 1 DOGEUSD 2024 03 14 07 08 48 1

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