Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more.

Start Earning Interest
Ad: Bybit - Stake your tokens with ease and enjoy guaranteed daily yields. Stake now!

Elon Musk fancies running a Dogecoin node in space (and teases Tesla’s Bitcoin adoption)

Dog and meme lover Elon Musk teased the idea of a space heater that mines crypto.

Elon Musk fancies running a Dogecoin node in space (and teases Tesla’s Bitcoin adoption)
Bybit

Elon Musk‘s participation at โ€˜The B Wordโ€™ conference, an event hosted by the Crypto Council for Innovation, resonated loudly in mainstream media as well as on Twitter as the Tesla and SpaceX CEO revealed the makeup of his crypto reaches, gently boosting Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) prices.

Together with Jack Dorsey, the CEO of payments company Square and social media platform Twitter, and Cathie Wood, the investment management firm Ark Invest founder and CEO, the most notorious crypto influencer participated in a dialogue that revolved around Bitcoin energy usage and its potential to become peer-to-peer cash of the future.

The holy trinity of Muskโ€™s crypto wallet

While confirming that both Tesla and SpaceX own Bitcoin, Musk revealed that he personally owns Bitcoin, Ethereum, and Dogecoin.

โ€œI might pump but I donโ€™t dump,โ€ Musk said while describing himself as an โ€œoverall supporter of Bitcoinโ€ that would like to see it succeed.

Dogecoin apparently adds the spirit touch to his crypto wallet as Musk explained why he is bullish on the beloved meme token.

โ€œThe Doge community is irreverent and has great memes and loves dogs and memes and I love dogs and memes,โ€ Musk said adding thatย  โ€the most ironic and entertaining outcome would be Dogecoin, which started as a joke becoming the world currency.โ€

Crypto mining energy conundrumย 

As he reaffirmed his support for cryptocurrency in general, he stated that as Bitcoin mining is increasingly powered by cleaner energy, Tesla will likely move to accept crypto for transactions once again.

โ€œThere is a trend towards more than 50% renewables – In that case, Tesla would resume accepting Bitcoin,โ€ said Tesla and SpaceX CEO.

Besides revealing that he already proposed to put a Bitcoin node in a Starlink terminal, a satellite internet constellation being constructed by SpaceX, which would give more people access to run Bitcoin, he also teased a concept of a space heater that could be used as Ethereum, Bitcoin, and Doge mining node, which spurred a further debate on Twitter.

There are no final frontiers in the space where every whimsy has the potential to turn serious.

CryptoSlate Newsletter

Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis
Price snapshots
More context
Join now for $19/month Explore all benefits
bybit