Bitcoin has broken out over the last few days, climbing almost 15% since the beginning of the week.
The bitcoin price has climbed as MicroStrategy
MSTR
chief executive and bitcoin advocate Michael Saylor hosts a virtual bitcoin conference to help companies buy bitcoin and Visa revealed its plans to help banks roll out bitcoin-buying services.
Now, Elon Musk, Tesla’s
TSLA
meme-happy chief executive, has sent the “joke” cryptocurrency dogecoin sharply higher, tweeting: “Dogecoin is the people’s crypto.”
Elon Musk, the chief executive of both electric car-maker Tesla and space rocket company SpaceX, … [+] AFP via Getty Images
