Elon Musk, the company’s creator, said that Tesla has begun selling items bearing its emblems for the cryptocurrency Dogecoin.
For instance, a belt buckle with business emblems costs 835 Dogecoin, a whistle in the style of an SUV Cybertruck costs 300 Dogecoin, and an electric ATV for youngsters costs -12020 Dogecoin in the Tesla cryptocurrency shop. According to CoinDesk, Dogecoin has surged by more than 10% against the backdrop of the launch of sales of Tesla accessories.
Elon Musk, who has over 66 million Twitter followers, aided the growth of Dogecoin in 2021 by mentioning the cryptocurrency on social media: in December, he mentioned the coin on Twitter, and it immediately grew by 20%; in early February, he did the same, and in the middle of the month, he said he bought some Dogecoin for his one-year-old son. The token has increased by more than 30 times since the beginning of 2021. Tesla stated in December 2021 that it will sell things in exchange for the “meme” cryptocurrency Dogecoin. Following that, bitcoin prices increased by more than 25%.