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DOGE Spikes 23% as Elon Musk Confirms His Strong Support of Crypto, Calling for Introducing Carbon Tax

2 Mins read

Fourth-ranked cryptocurrency Dogecoin shows an approximately 23 percent rise as Elon Musk confirms his “strong” support of crypto and calls for carbon tax to be implemented.

Michael Saylor and Anthony Pompliano urge him to introduce a new type of Bitcoin miner and focus on “getting us to Mars”.

“No fossil fuel to be used by crypto networks”

In a recent tweet, the second wealthiest person after Jeff Bezos, Elon Musk, has clarified his attitude towards cryptocurrencies to dispel any doubts the community may have about it.

Tesla and SpaceX CEO has reminded his army of followers that he remains a strong believer in Bitcoin and other crypto. However, he does not want this industry to trigger a tremendous increase in the use of fossil fuel and coal in particular.

In another tweet, Musk has gone as far as suggested implemented a carbon tax. This the second time, he has suggested introducing a monetary consequence for businesses for emitting greenhouse gasses into the atmosphere.

However, Musk said that the Biden administration has rejected his offer.

On Thursday, Tesla CEO announced that the company stops accepting Bitcoin for its vehicles due to the CO2 footprint left by Bitcoin miners.

He pushed Bitcoin down to the $47,500 level.

Musk will introduce a “clean” BTC miner, Pomp and Michael Saylor believe

In the comment thread to Elon Musk’s tweet, Bitcoin influencer Anthony Pompliano (aka Pomp) has again voiced an idea that Elon Musk intends to introduce a new type, “green” Bitcoin miner that would be launched by Tesla after pulling the focus of the society on the emission problem.

A similar thought was shared by Anthony Scaramucci, CEO of SkyBridge Capital, on Thursday, as covered by U.Today.

The head of the leading Bitcoin holder, MicroStrategy, Michael Saylor has supported Musk in a comment, saying that technologies in the future must be fueled by clean and renewable energy.

DOGE soars 23 percent on Musk’s tweet

Soon after Elon Musk published a tweet about his “strong belief” in crypto, his favourite cryptocurrency, the meme coin DOGE launched as a Bitcoin parody in 2013, surged over 23 percent.

At the time of writing, Dogecoin is sitting at $0.5442, showing a red candle, but earlier today it had reached a high of $0.5690.

However, some in the crypto community believe Musk to be one of the few actual Dogecoin whales and say that he is manipulating the coin’s price.

Anonymous crypto influencer @TylerDurden is among them.

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