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Elon Musk confirmed in the latest press conference that Tesla will enable Dogecoin payments shortly. He explained that DOGE will become one of the official payment methods to buy Tesla soon. However, he did not specify a tentative time about when Tesla will enable Dogecoin payments. Also Read: BRICS: Elon Musk Says America Will Go Bankrupt The billionaire was speaking at the ‘We Are Giga’ event in Texas and openly expressed his support for Dogecoin . He spoke on stage in front of hundreds of people and called “ Dogecoin to the moon, ” as the crowd roared and cheered. JUST IN: Elon Musk says Tesla will enable $DOGE payments "at some point, Dogecoin to the moon." pic.twitter.com/nZaLhXlvgL — Watcher.Guru (@WatcherGuru) March 14, 2024 Tesla Will Enable Dogecoin Payments: Elon Musk Source: Twitter The billionaire explained that he supports Dogecoin as it is the currency of the poor people. He stressed that rich people buy...

Dubbed the Magnificent 7 by a recent Deutsche report, Apple, Amazon , and Meta, along with Tesla, Alphabet, Microsoft, and Nvidia, have been referred to as forces to be reckoned with.  The report outlines how the collective market capital of these seven companies has surpassed the financial power of every G20-listed country.  Also Read: U.S. Economy on Steroids, Unsustainable Future: Billionaire Investor The Mag 7 Stocks Continue to Be the Top Choice for Investors  Source: Mint The recent Deutsche Bank report outlines how these seven tech behemoths have been dominating the corporate sphere.  The report later shared that the combined market cap of these 7 companies would ultimately make it the second-largest stock exchange in the world.  Also Read: China’s Stock Market Faces $1 Trillion Losses in 2 Weeks Apart from that, Microsoft and Apple alone share similar market caps with countries such as France, Saudi Arabia, and the UK.  Moreover, the concentra...

Tech stocks face trillion-dollar losses as bond yields soar, but their $596 billion cash positions favor alternative hedges, including Bitcoin. The mega-cap tech stock s, which saw a robust start in 2023, are now grappling with massive trillion-dollar losses, leaving their shareholders concerned. Wall Street's unease over surging bond yields and higher interest rates has cast a shadow on these companies. Traders are now pondering the potential impact on Bitcoin (BTC) if the S&P 500 downtrend continues. Consequently, investors must investigate the correlation between Bitcoin and the S&P 500 and consider whether cryptocurrencies can thrive in an environment of high-interest rates. Bloomberg Magnificent 7 index vs. S&P 500 equal weight index. Source: Bloomberg The seven largest tech companies, including Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla, collectively constitute a staggering 29% of the S&P 500, marking the highest concentration ever recorded in...