Elon Musk, the world’s richest person and CEO of Tesla, still takes Dogecoin very seriously despite its meme status. Speaking on the Full Send Podcast Friday, the Billionaire reaffirmed his support for DOGE, terming it as a fun and easy-to-use cryptocurrency.
“I’m mainly supporting Doge, frankly, because I think Doge has the memes and dogs, and it seems to have a sense of humour and doesn’t take itself too seriously.” Said Musk when asked what he thought about the future of crypto.
Musk, 51, praised the cryptocurrency’s use cases, particularly noting that its transactional capacity overshadowed that of Bitcoin. “I think, actually weirdly, even though Doge was just designed to be like this ridiculous joke currency, the actual total transactional throughput capability of Doge is much higher than bitcoin.”
According to him, while Dogecoin transactions are completed in 60 seconds, Bitcoin takes approximately 10 minutes, an undesirable count for the world’s largest cryptocurrency. He...
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