header banner
Default

Bitcoin is no longer accepted for purchasing Teslas, but Dogecoin is still accepted


Posted On July 26, 2023 4:44 pm 0


svg+xml;base64,PHN2ZyB2aWV3Qm94PSIwIDAgMTYwMCA5MDAiIHdpZHRoPSIxNjAwIiBoZWlnaHQ9IjkwMCIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj48L3N2Zz4=

Tesla, the electric car giant led by billionaire Elon Musk, has decided to drop Bitcoin as a payment option. However, in a twist that left many in the crypto scene puzzled, the company has retained Dogecoin (DOGE) in its list of accepted digital currencies.

Bye-Bye Bitcoin, Hello Dogecoin

Following months of speculation about whether or not Tesla would continue to support Bitcoin transactions, the company made the official announcement: Bitcoin is out. However, Dogecoin, the meme-based cryptocurrency that has seen a meteoric rise in popularity and value in recent years, is still in. This decision maintains Tesla’s foothold in the world of cryptocurrencies, albeit with a rather unexpected choice of ally.

exchange comparison

Why Did Tesla Drop Bitcoin?

The reasons behind Tesla’s decision to drop Bitcoin are yet to be officially disclosed. Previously, the company suspended Bitcoin payments due to environmental concerns regarding the energy-intensive process of Bitcoin mining. Whether these same concerns are the driving force behind the company’s decision to completely remove Bitcoin as a payment option remains uncertain.

Bitcoin Mining: Explained

Dogecoin’s Growing Credibility

Meanwhile, Dogecoin continues to enjoy the spotlight. Tesla’s decision to keep Dogecoin as a payment option boosts the credibility of this cryptocurrency, suggesting it might not be as much of a joke as some had initially thought. Could Tesla’s endorsement be the push that propels Dogecoin to even greater heights? Time will tell.

Recommended posts

VIDEO: CAUTION: DON’T BUY BITCOIN Until You See This! (Crypto Forecast 2024)
Jason Pizzino

  • Breaking News: Dogecoin Price Rally to Leave Shiba Inu in the Dust? Read This Elon Musk’s Crypto Bombshell

    Breaking News: Dogecoin Price Rally to Leave Shiba Inu in the Dust? Read This Elon Musk’s Crypto Bombshell

  • Elon Musk is under SEC Investigation…Again?

    Elon Musk is under SEC Investigation…Again?

  • Bitcoin Hits New All-Time-High as Tesla Purchases $1.5 Billion.

    Bitcoin Hits New All-Time-High as Tesla Purchases $1.5 Billion.

  • Shiba Inu Price Prediction: How High can SHIB Price reach by 2030?

    Shiba Inu Price Prediction: How High can SHIB Price reach by 2030?

  • Dogecoin x Ethereum: Elon Musk’s Interest Could Result in a 10x Price Surge?

    Dogecoin x Ethereum: Elon Musk’s Interest Could Result in a 10x Price Surge?

  • Bitcoin price aims for $100,000 as Tesla invests $1.5 billion as Elon Musk cuts off Dogecoin

    Bitcoin price aims for $100,000 as Tesla invests $1.5 billion as Elon Musk cuts off Dogecoin

  • Hacker Hacked Elon Musk’s Twitter, Offers Free Cryptocurrency

    Hacker Hacked Elon Musk’s Twitter, Offers Free Cryptocurrency

  • From Meme to Money: Dogecoin Set to Take Over Twitter as a Payment Option?

    From Meme to Money: Dogecoin Set to Take Over Twitter as a Payment Option?

  • Will Twitter Soon Accept Dogecoin? Can Dogecoin Reach $1?

    Will Twitter Soon Accept Dogecoin? Can Dogecoin Reach $1?

  • Hackers hacked Tesla’s public cloud server to mine cryptocurrency

    Hackers hacked Tesla’s public cloud server to mine cryptocurrency

  • Will Dogecoin Payments on Twitter become a Reality? Elon hints…

    Will Dogecoin Payments on Twitter become a Reality? Elon hints…

  • Shiba Inu Price Prediction – Is SHIB dead?

    Shiba Inu Price Prediction – Is SHIB dead?

  • JP Morgan Doubts Corporate Adoption of Bitcoin

    JP Morgan Doubts Corporate Adoption of Bitcoin

  • Ripple Price is about to SOAR HIGH! Here’s what’s new with the SEC…

    Ripple Price is about to SOAR HIGH! Here’s what’s new with the SEC…

  • Is $DOGE A Good investment in 2022? Maybe, here’s What you MUST Know

    Is $DOGE A Good investment in 2022? Maybe, here’s What you MUST Know

  • Elon Musk: Cryptocurrency Is Better Than Paper Money

    Elon Musk: Cryptocurrency Is Better Than Paper Money

  • Dogecoin Price Prediction: Will Elon Musk drive the price of DOGE to $2 by 2023?

    Dogecoin Price Prediction: Will Elon Musk drive the price of DOGE to $2 by 2023?

  • Dogecoin Price Prediction: Will X Payments Pump DOGE Prices Higher?

    Dogecoin Price Prediction: Will X Payments Pump DOGE Prices Higher?

  • Elon Musk will Resign from Twitter – Will Dogecoin Die?

    Elon Musk will Resign from Twitter – Will Dogecoin Die?

  • Puppet Master? How Elon Musk Tweets Affect Bitcoin Price

    Puppet Master? How Elon Musk Tweets Affect Bitcoin Price

  • All about The B Word Conference

    All about The B Word Conference

  • Why Elon Musk was WRONG about Bitcoin

    Why Elon Musk was WRONG about Bitcoin

  • Why are Crypto Prices Down? Consolidation or Major Breakout Soon!

    Why are Crypto Prices Down? Consolidation or Major Breakout Soon!



You might also like


More from Altcoin

Bitcoin Spot ETFs vs. Bitcoin Futures ETFs: Explain Like I’m Five

Think of an ETF like your favorite box of Legos. Let's take a look at this Bitcoin Spot ETFs vs …

WEMIX Coin Price Gained 352%: How High Will The WEMIX Price Go In 2024?

Recently, some coin prices went upWhat is WEMIX and how high will the WEMIX price go in 2024? Let's take …

Whale Giant Burnt 8.2 Billion Shiba Inu, Worth ,000

Find out what happens when 8.2 billion SHIB coins are burnt. Will SHIB hit 10 cents? Get easy-to-understand info on …



Sources


Article information

Author: Linda Montgomery

Last Updated: 1704281522

Views: 1773

Rating: 3.6 / 5 (116 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Linda Montgomery

Birthday: 1944-04-19

Address: 3573 Booth Islands, Port Kayla, IA 54585

Phone: +4200574872859005

Job: Biomedical Engineer

Hobby: Whiskey Distilling, Video Editing, Wine Tasting, Rowing, Cycling, Reading, Kite Flying

Introduction: My name is Linda Montgomery, I am a ingenious, welcoming, enterprising, steadfast, risk-taking, exquisite, receptive person who loves writing and wants to share my knowledge and understanding with you.