Elon Musk Heralds DOGE as “the People’s Crypto” at Giga Berlin

Elon Musk declares his love for Dogecoin, saying it’s the “people’s crypto.”

Elon musk flexing with with Dogecoin dog on top of Tesla gigafactory entrance.
Created by Gabor Kovacs from DailyCoin
  • Elon Musk has made sensational comments on DOGE.
  • The Tesla billionaire spoke at Giga Berlin.
  • Dogecoin surged following the comments.

X (Twitter) owner Elon Musk has made a sensational comeback to crypto, this time showing big support for Dogecoin (DOGE) and teasing the possibility of buying Teslas with the memecoin.

Musk’s sentiments come as his X platform has been quietly acquiring money transmitter licenses across the U.S., saying it plans to “revolutionize” payments in 2024. The momentum has raised speculations, with rumors that the plan may include integrating Bitcoin and crypto support with the social media platform.

Elon Musk Warms Up to Dogecoin

In a viral X video shared on March 14 capturing Elon Musk’s recent visit to Giga Berlin, an audience is heard asking the billionaire to state when people could buy Tesla cars with Dogecoin, to which he responded:


“When can you buy Tesla with Dogecoin? At some point, I think we should enable that,” Musk stated amid hearty laughter. “You can buy Tesla merch with DOGE, which is cool. So, Dogecoin to the moon.”

Musk further explained that he “ended up, sort of” endorsing Dogecoin when he visited a Tesla factory, his rocket company SpaceX, and “regular” workers asked him to support the memecoin.

“You know what? Dogecoin is the people's crypto. I'll support it,” the billionaire claims he told the workers. “Lots of rich people are supporting Bitcoin, but if people [working in factories] want me to support Dogecoin, I will. Dogecoin is for you.”

Following Elon Musk’s comments on DOGE, the memecoin’s price gained nearly 10% in the last 24 hours, with a 79.91% jump in its trading volume within the same period, CoinMarketCap data shows. As of press time, Dogecoin’s market cap stood at $26.6 billion.

Read about recent DOGE’s sprint to a two-year high:


DOGE Sprints to Two-Year High. Is the Rally Sustainable?

Stay updated on South Africa’s move to license crypto exchanges:

South Africa Approves 59 Crypto Licenses, 262 Pending

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.