The Chief Executive Officer Tesla Inc.’s Elon Musk has caused a big problem for Bitcoin As he said his company is suspending purchases with Bitcoin, triggering a slide in the digital currency.
His reason is that "rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” while signaling that Tesla might accept other cryptocurrencies if they are much less energy intensive. He also said the company won’t be selling any of the Bitcoin it holds.
This news is a good news for all Doge holders as this may trigger the price of doge coin.
because Elon musk conducted a poll on his Twitter account on whether his company Telsa should accept doge coin.
and in the poll, doge coin won with 78% of yes