Yesterday, it was announced that Tesla had invested $1.5 billion dollars into Bitcoin. This was a huge jolt for the cryptocurrency, as it was up as much as 22% on the day. However, this has many wondering what this means for the altcoins, such as Dogecoin. While technically nothing fundamentally changed with the altcoins, this was still a big day for cryptocurrencies in general, as we are seeing them become more mainstream. Tesla also said that they are hoping to accept Bitcoin as a form of currency in the future, and if they and other companies follow this trend, cryptocurrencies may end up playing a huge role in the future. As for Dogecoin, it has a couple advantages over some of the other cryptocurrencies. One of them being the fact that Dogecoin has faster block times than a lot of other cryptos, as well as very inexpensive transaction fees. Time will tell what happens with all of these cryptocurrencies, but yesterday as a huge day for all of them.
Do you think that cryptocurrency is the future currency of the Earth??
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