September 27, 2022

Elon Musk again expressed support for the potential of Dogecoin

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The American billionaire, the owner of SpaceX and Twitter, as well as the CEO of the Tesla electric car concern, Elon Musk, once again supported the DogeCoin cryptocurrency. In his opinion, the digital coin, despite the concept of a joke used in its creation, has turned into a real promising asset.

According to the billionaire, the inflationary dynamics of the Doge rate signals the healthy viability of the virtual coin, as it forces people to spend more and more funds. Bitcoin, according to the figure, is a “bad substitute” for currencies for transactions. However, the world’s richest man, Musk, has previously expressed doubts about Dogecoin’s ability to replace traditional fiat money.

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