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Home Social Proof Twitter

Mr.Twitter Elon Musk Believes in Dogecoin While Tesla Believes In Bitcoin.

CoinWist by CoinWist
May 3, 2022
in Twitter, Bitcoin, Business, News, Other, Social Proof
Reading Time: 4 mins read
Elon Musk

Source: CoinWist Team

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After a busy week with Elon Musk once again his name popped up again regarding Twitter, Dogecoin, and Tesla. 

Mark Cuban the TV Star and Billionaire has come up with an idea to solve Twitter’s Spam problem with the famous meme coin Dogecoin.

Last week Tesla’s CEO and the Owner of Twitter have been discussing related to this matter how to solve the Twitter Spambot Problem. Reports say Half of Elon’s followers are fake.

Yeah, single most annoying problem on twitter imo

— Elon Musk (@elonmusk) April 5, 2022

For this problem Mark Cuban the owner of the NBA team Dallas Mavericks and billionaire tweeted a suggestion

i like this https://t.co/5qPjyf5fbK

— Shibetoshi Nakamoto (@BillyM2k) May 1, 2022

So after this suggestion, Elon musk tweeted and said Not a bad idea,

Not a bad idea

— Elon Musk (@elonmusk) May 1, 2022

So this might be good news for Doge fans even after the dogecoin supporter Elon musk agreed to the suggestion. This is a real relief for dogecoin after witnessing a huge fallback.

Some strictly criticize this matter it is almost a free service and doesn’t force it to be used with a meme cryptocurrency. So let’s see what’s in Elon’s mind. Both are crypto fanatics in the last august both said that Dogecoin is the strongest cryptocurrency for payments.

Musk is already known for his backing up for dogecoin.

Not even Elon even his electric car company is also interested in cryptocurrency. So recently Tesla mentioned in a statement a recent filing with the SEC revealed saying

“We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash,”

TESLA: We believe in the potential of crypto both as an investment and as a liquid alternative to cash

– Latest SEC filing pic.twitter.com/fTnyff9lAB

— Blockworks (@Blockworks_) May 2, 2022

Tesla is almost holding $1.26 Billion worth of digital assets as per reports in its first-quarter earnings. The digital assets holding hasn’t changed for Tesla since they decide to hold it last year. So as per the market values according to the date, March 31, 2022, almost shows a Tesla’s digital assets value is nearly $1.95 billion.

Tesla left the door open for further crypto investments, a recent filing with the SEC reveals

Via @caseywagnerr https://t.co/1FEy8PbNY8

— Blockworks (@Blockworks_) May 2, 2022

Last year march Tesla accepted Bitcoin as per Elon’s Tweet and it already caused an all-time high mark for the Bitcoin. Somehow less than two months even reversed its decision saying Tesla will not accept Bitcoin due to its bad environmental impact. Furthermore, Musk said he will reconsider Bitcoin if it changes to an eco-friendly mining mechanism.

However, Musk like meme coins as everyone knows he has backed up it many times. Tesla even accepted Dogecoin for selected items. However, as per reports, they have not marked any earnings from Dogecoin payments. So it seems interesting to see how all these big names like Twitter, Tesla, and Dogecoin will make difference in the market.

Tags: bitcoinDogecoinElon Musktwitter
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