(Bloomberg) —
Elon Musk said Tesla Inc. will accept payment in Dogecoin for some merchandise, in the latest in a series of tweets supporting the cryptocurrency. Dogecoin jumped 33%.
Some of Tesla’s “merch” would be buyable with the digital coin, the chief executive officer said Tuesday, with products including the $150 Giga Texas belt buckle featuring the carmaker’s logo. Last month, Tesla’s $50 Cyberwhistle sold out almost immediately.
“See how it goes,” Musk said. Dogecoin rose to a high of $0.20 after the tweet, declining to $0.18 after the initial spike.
Musk has been a vocal supporter of Dogecoin, a “meme” cryptocurrency featuring a picture of a Shiba Inu dog. The tweets from the world’s richest person have contributed to its rising popularity.
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(Updates with Dogecoin price move in first paragraph)
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