The Doge4Amazon petition on Change.org argues that Dogecoin "is fast, cheap, and stable" and has "huge momentum."
Barstool Sports founder Dave Portnoy made the claim against Musk on Twitter after Tesla reported its Q1 2021 earnings.
Elon Musk on Monday said that Tesla recently sold 10 percent of its Bitcoin, turning a $101 million profit, in a bid "to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet."
A recent survey of 1,015 of investors in cryptocurrency found that 54.3% believe Bitcoin will climb to $100,000 this year. The survey offered no analysis of the cryptocurrency's fundamentals or outside forces affecting its price.
"I realized that Bitcoin was the solution to many of the problems in the world. And with high conviction, I wanted to be paid in it," Culkin told Newsweek.
The cryptocurrency has so far been listed on a number of smaller exchanges. Meanwhile some investors urge caution.
The "hodl" message from the Tesla CEO comes amid fluctuation in the cryptocurrency markets.
The new cryptocurrency has gained popularity since its launch but experts have warned about its volatility.
News that President Joe Biden will propose a significant increase in the capital gains tax sent Bitcoin's price below $50,000 for the first time since early March.
Experts weigh in on the risks of cryptocurrency trading, and why they have a reputation for volatile prices.
Turkish police arrested 62 people after Istanbul-headquartered Thodex blocked users from accessing their accounts or withdrawing money for several days.
As Dogecoin's price corrects, investor Jaysn Prolifiq tells Newsweek he doesn't regret holding on—and is still optimistic about the token's future.
Other cryptocurrencies, including Dogecoin and Ethereum, were also down in price amid reports Biden will increase levies on investments to fund social care.
" An entire generation of investors is speculating on their own meme currency, which is essentially a parody of money," Seeking Alpha said in a report. "Behind Dogecoin is a rebelliously nihilistic and perhaps dangerous idea that meme money is no more real than actual currency."
The trendy cryptocurrency's worth has surged recently.
Prosecutors in Istanbul launched an investigation against the cryptocurrency exchange Thodex on Thursday, following allegations that its website shut down Wednesday and Ozer fled the nation with stolen investments.
The team is also facing concerns and criticisms about the token, which has attracted attention in recent days.
"Given the massive move we've had in Bitcoin in the short run, things are very frothy, and I think we're going to have a major correction in Bitcoin," Scott Minered, firm's global chief investment officer at Guggenheim Partners in New York, told CNBC.
The four types of cryptocurrencies can now be bought and sold via the social payments app. Here's what you need to know about trading.
Twitter and Reddit were filled with memes this week but the online hype seemingly failed to sent the coin to the moon.
Cryptocurrency continues to gain wider acceptance in the marketplace despite Bitcoin's manic swings and Dogecoin's guffaws.
The digital currency Dogecoin, which continues to see a meteoric rise in value, is now worth as much as Dow Inc. and the producer of Kleenex and Huggies after fans of the cryptocurrency set out to raise its value from roughly half of a cent to $1.
Dogecoin investors were hoping to see the cryptocurrency's price reach either $0.420, $0.69, or even $1 on Doge Day.
A woman has paid the adoption fees for all of the dogs at an animal shelter after earning money through an investment in Dogecoin.
The #DogeDay hashtag is currently trending third on Twitter in the U.S., behind "Happy 420" and #420Day.
The event is trending on Twitter on Tuesday as fans of the popular joke cryptocurrency token rally with memes.
The cryptocurrency's value is skyrocketing, with fans trying to get Dogecoin's price up to $0.69 on April 20.
Many companies are beginning to accept Dogecoin as a form of payment as the cryptocurrency's price has surged over the past week.
"A power outage in the Xinjiang region of China where a significant portion of Bitcoin mining takes place caused a very sudden dip in the global hashrate which, in turn, caused transactions to back up and fees to rocket temporarily," an analyst told Newsweek.