# Musk Declares Dogecoin "The People's Crypto"

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Last modified: 2021-12-14

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By Paul Ebeling · 2021-12-14
Tags: Shayne Heffernan on Investments, money, Tesla, Headline News, Musk, Paul Ebeling, Crypto, cryptocurrency, Dogecoin, Dogecoin, Knightsbridge, KNIGHTS
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#Tesla #Musk #cryptocurrency#dogecoin #money

[$TSLA ](https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch)[$DOGEUSD](https://finance.yahoo.com/quote/DOGE-USD?p=DOGE-USD&.tsrc=fin-srch)

"*Tesla will make some merch buyable with Doge & see how it goes*," Mr. Musk said in a Tweet Monday

Tesla Inc's ([NASDAQ:TSLA](NASDAQ:TSLA)) Chief, Elon Musk said Tuesday the EV maker will accept dogecoin as payment for merchandise on a test basis, sending the meme-based cryptocurrency up 24%. 

[Dogecoin, popular among retail investors, raced up to $0.20 after the declaration Tweet. ](https://finance.yahoo.com/quote/DOGE-USD?p=DOGE-USD&.tsrc=fin-srch)

Mr. Musk's Tweets on the cryptocurrency, including the one where he called it the *"people's crypto*", have helped the meme coin soar 5,859% over the past yr, according to data from Coinbase website. 

Mr. Musk did not specify what merchandise, which starts from $50 and goes as high as $1,900, could be bought with dogecoin. 

Tesla sells apparel, *'Giga Texas'* belt buckles and mini models of its electric vehicles as well as limited-edition items such as the '*Cyberwhistle'*, which is modeled after its much-awaited *Cybertruck.* It recently launched a quad bike '*Cyberquad'* for kids, also modeled after the truck. 

Have a prosperous day, Keep the Faith!

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