Tesla accepts DOGE payments again. . . . . According to information released on Tesla's website on May 4, Dogecoin (DOGE) has been added as a payment method.
Tesla explained on its website that for products that can be purchased with Dogecoin, you will see the Dogecoin symbol next to the order button, and you only need to transfer the Dogecoin to your Tesla Dogecoin wallet and pay.
It was then added that products that can be paid with Dogecoin will be clearly displayed at the Dogecoin price (including tax), and in addition, Tesla only supports Dogecoin for virtual asset payments.
In fact, the news that Tesla's "peripheral products" will accept DOGE coins for payment again has been around for a long time, and the official has also confirmed it, but the time has not been finalized.
Compared with how to view Musk and DOGE's "entanglement history", it is better to explore why they chose to "combine" at this time.
This will lead to the next exciting market news. Sovereign funds and pensions are expected to deploy crypto assets in the next few months. On May 1, local time, BlackRock held a Bitcoin investment conference with several industry leaders at its company, and then the market heard that the US sovereign wealth fund, pension funds, etc. will buy Bitcoin ETFs in the next few months.
During this period, as major institutional investors successively disclosed their holdings of Bitcoin ETFs in the 13F documents submitted to the US SEC, it was confirmed that BNP Paribas and Bank of New York Mellon held a small amount of BTC spot ETF shares.
Once the news was announced, it further stimulated the rise in cryptocurrency prices, and on the same day, BTC spot ETF trading ended the net outflow trend for 7 consecutive working days, achieving a net inflow of US$378 million.
Unlike the "rumors" that sovereign wealth funds and pension funds have entered the crypto asset sector to invest, 💰君羊＋玮:1138798731 It is of great significance that mainstream institutions and banks have been confirmed to hold crypto ETFs. More importantly, it can be 100% confirmed that as the "13F documents" continue to be disclosed, more large institutions will show their crypto asset holdings.
It is precisely because of the participation of institutions with assets under management of more than one trillion US dollars that the crypto market has recovered in a short period of time. Similarly, it is natural for Tesla to announce that it accepts DOGE coins for payment at this time.
It is worth noting that the market currently basically defines crypto assets as "risk assets", which means that the main factor affecting the price of cryptocurrencies may still come from "geopolitics" because according to the market trends this week, the negative macroeconomic news has been basically ruled out.
