Tesla Billionaire Elon Musk Signals Suprise Dogecoin ‘Update’ Support As The Bitcoin Price Suddenly Surges

Tesla Billionaire Elon Musk Signals Suprise Dogecoin ‘Update’ Support As The Bitcoin Price Suddenly Surges

Elon Musk, the Tesla Don't miss: What (or who) is driving the crypto market in 2021 and beyond? Tune in to Forbes’ free Crypto Codex Live webcast on October 14 at 2:00pm EDT and get ahead of the market The dogecoin price has exploded this year, rising almost 10,000% since October 2020 and propelling the memecoin into the crypto top ten—helped by Musk's mercurial Twitter persona. For comparison, the bitcoin price has added 400% over the last 12 months, with much of its gains coming after Musk revealed Tesla had bought $1.5 billion worth of bitcoin at the beginning of the year. Replying to Billy Markus, one of the co-creators of tongue-in-cheek bitcoin rival, Musk agreed that dogecoin miners—who secure the network in return for freshly-minted coins—need to keep their …
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