Dogecoin jumps after Elon Musk announced Doge can be used for buying Tesla stuff

Dogecoin spiked in price due to Tesla CEO’s tweet about buying Tesla with Dogecoin

 Musk said on Twitter Friday morning that Tesla merchandise can be purchased with Dogecoin, the meme-based cryptocurrency that went viral in 2021.

What he said:
“Tesla merch buyable with Dogecoin,” Musk said

What happened: Dogecoin jumped $0.20 at around 1 a.m. EST. The coin jumped 9% by 7 a.m. on Friday morning, too.

What you can buy: Per CNBC, there are already some details about what you can buy from Tesla

Tesla’s Cybertruck whistle costs 300 dogecoins (so about $59)

Tesla’s Gigafactory belt buckle costs 835 dogecoin (about $164).

There were more than 3.9 million votes at the time it was released, with 78.2% saying “Yes.”

Tweets from Musk and surging interest from a wave of amateur investors fueled a speculative frenzy in the cryptocurrency earlier this year, driving its price higher,” per CNBC.

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