Musk Wants Dogecoin Set Free
Coinbase exchange refuses to list Dogecoin, the meme-based cryptocurrency.
However recently Musk, who bought bitcoin worth $1.5 billion in February via Coinbase with Tesla funds, put pressure on with a tweet “Yes” on Saturday after a Twitter user asked the billionaire investor whether Coinbase should allow the Shiba Inu-represented cryptocurrency on its platform.
At publishing, dogecoin was changing hands near $0.06. Dogecoin has risen by nearly 1,130% so far this year and Bitcoin is up more than 100% year to date.
Fellow eccentric billionaire Mark Cuban has hoped on the bandwagon and said the Dallas Mavericks will accept Dogecoin as payment for tickets and merchandise. Leading sports brand Wooter Apparel and medical supplier CovCare also recently announced support for dogecoin as alternative means of payment, as well.