Saturday, April 10, 2021

Elon Musk Thinks Coinbase Should List Dogecoin (DOGE)

Elon Musk, the CEO of the car manufacturing, Tesla, thinks that the largest US-based cryptocurrency exchange, Coinbase, should list the meme token Dogecoin (DOGE) on its trading platform.

The billionaire entrepreneur made this assertion in a thread of tweets where he compared the flagship cryptocurrency, Bitcoin (BTC) to The Boring Company (TBC), which is another means of touting the leading digital currency.

Read Also: American Rapper Snoop Dogg Joins Elon Musk in Shilling Dogecoin (DOGE)

Elon Musk tweeted, “BTC (Bitcoin) is an anagram of TBC (The Boring Company). What a coincidence!”

According to Elon Musk, both Bitcoin (BTC) and The Boring Company (TBC) “do mining and use blocks and chains.”

As expected, the tweet garnered thousands of reactions from various quarters of the crypto ecosystem. A lot of stern Dogecoin community members also bumped into the comments with various wishes.

Out of the thousands of comments, the one from @itsALLrisky, a supposed Dogecoin enthusiast, caught the attention of the billionaire tech expert.

@itsALLrisky referenced the fact that the $1.5 billion worth of BTC purchased by Tesla Inc. in early-February was processed via Coinbase. The user then asked Elon Musk if he thinks that the top exchange should list Dogecoin (DOGE) on its trading platform.

Read Also: Elon Musk Is Sending Dogecoin Back to the Moon with “Who Let the DOGE Out” Tweet

“Hi Elon, I saw a report that Coinbase was used for the Tesla BTC purchase (nice entry btw). Do you think Coinbase should enable Dogecoin on their platform? It would enable many folks to easily access DOGE.”

In response, Elon Musk beckoned at the user’s agitation with an exclamatory “yes”.

Relationship between Coinbase and Dogecoin (DOGE) Over the Years

At the time of writing, Dogecoin (DOGE) that currently occupies the 15th position in the market is trading at $0.05661, with a 1.95% price increase in the last 24 hours.

In early February, the price of the meme token rode on the GameStop’s trend and Musk’s various tweets to surge to around $0.08.

Read Also: Elon Musk’s Recent Dogecoin to the Moon Tweets Is Shooting up DOGE’s Price

Back in May 2019, Coinbase wallet announced support for Dogecoin (DOGE), which allowed users to store their digital tokens.

Despite the surge in popularity of Dogecoin lately, Coinbase has not allowed its investors to trade the cryptocurrency on its platform.


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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