Billionaire Elon Musk Made Drastic Dogecoin Proposal Amid Huge Bounce In Bitcoin And Crypto Prices

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Dogecoin-boosting Telsa billionaire Elon Musk once again weighed in on memes-based cryptocurrency, suggesting that dogecoin fees need to come down before it can become a viable payment option.

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The price of dogecoin has rebounded in the past 24 hours, climbing alongside the price of bitcoin as confidence returns to the cryptocurrency market. The rise in bitcoin prices, occurring after a sharp drop, has fueled a large surge in crypto prices.

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MORE FORBES’Trillions Of Dollars’-Kevin O’Leary Reveals Massive Bitcoin Price Prediction And Crypto PlanBy Billy Bambrough

Tesla CEO Elon Musk adopted dogecoin as a pet project this year, even after adding … [+] $ 1.5 billion worth of bitcoin on Tesla’s balance sheet earlier this year.

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“Super important that doge fees go down for doing things like buying a movie [tickets] viable, ”Musk said via Twitter TWTR.

Musk, who has repeatedly requested dogecoin updates and improvements this year, was responding to a tweet from dogecoin co-creator Billy Markus.

“Robinhood announcing wallets, AMC CEO was not just talking about accepting dogecoin, but saying it was the most interacted tweet he’s ever made, with the crypto market finally seeing some green.” , said Markus, referring to an earlier tweet from the U.S. Managing Director. AMC movie channel Adam Aron and the Robinhood toll-free trading app have announced the upcoming launch of a crypto wallet.

“It’s clear that you think AMC should accept dogecoin,” Aron said after AMC revealed in August that it plans to start accepting bitcoin, ether, bitcoin cash and litecoin. here the end of the year. “Now we have to figure out how to do this. “

Aron previously conducted a Twitter poll that drew 140,000 votes in 24 hours, closing with 68% of the vote for AMC to accept dogecoin. 9% said they were moving forward with cryptocurrency even if they wouldn’t use it, while 23% said AMC shouldn’t bother with dogecoin at all.

“The Dogecoin poll was by far my highest tweet ever read,” Aron added. “In 24 hours, 4.2 million views, my most retweets, the most responses.”

Musk “liked” the dogecoin Twitter poll, prompting Aron to call Musk “the epitome of innovation above all else.”

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OVER $ 500,000 IN FORBES in Five Years – Elon Musk and Tesla Devotee Cathie Wood Reveal Huge Price Predictions for Bitcoin and EthereumBy Billy Bambrough

The price of dogecoin jumped following the surprise suggestion of Elon Musk’s dogecoin, soaring alongside the … [+] bitcoin price and a broader recovery in the crypto market.

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Musk, who has become one of the biggest backers of dogecoin after years of support, has repeatedly endorsed the memes-based rival bitcoin, drawing the ire of the bitcoin community. In July, during a live chat with Twitter’s Jack Dorsey and major Tesla and bitcoin investor Cathie Wood, Musk explained the ideas he had previously put forward for using dogecoin and ethereum to “maximize rates of transaction and reduce transaction costs “.

Earlier this month, Musk called a dogecoin upgrade “important”, designed to secure the dogecoin blockchain and lower transaction fees.

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