Musk announced his plans to receive dogecoin in December, and now Tesla has actually started accepting virtual coins. This is despite the fact that they were originally created from a recession. According to Musek, however, at a time when bitcoin is sold for millions of digits, it is a “folk cryptocurrency”.
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Before Musk’s tweet, the Dogecoin exchange rate was only CZK 3.48, but then climbed to CZK 4.6 on Friday in less than 24 hours. Although the increase is significant, this is definitely not an absolute record. Last May, the exchange rate was even CZK 15.85. In December, when Musk announced plans to receive dogecoin, the exchange rate jumped from CZK 3.56 to CZK 4.86.
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Unfortunately, the value exceeding four crowns did not last very long. Already during the weekend, the exchange rate began to decline gradually, on Monday morning, one virtual coin traded for CZK 3.65.
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Tesla owner Elon Musk
Photo: Susan Walsh, ČTK / AP
People can’t buy electric cars for dogecoin, at least the real ones. Musk said they would be able to buy, for example, electric car models or a belt clip called the Giga Texas for virtual coins. But there will probably be even more small things that people will be able to buy for virtual coins.
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In the past, Tesla’s chief had considered that people would be able to buy cars for bitcoins, which catapulted the cryptocurrency. Subsequently, however, he backed down from this decision, saying that bitcoin mining is largely unecological. It is said that Tesla will not accept payments in bitcoins until this changes.
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