🏆 Elon Musk shared with Time magazine that Dogecoin has an advantage over Bitcoin in payments ✔️

🔹 Elon Musk, CEO of Tesla and SpaceX, has consistently supported Dogecoin, he has also invested in it, along with Bitcoin and Ether. But for Musk, Dogecoin has an advantage over Bitcoin and other cryptocurrencies: He considers Dogecoin to be the best cryptocurrency to trade. “Bitcoin’s transaction volume is low and the cost per transaction is high,” says Musk, who thinks bitcoin is more suitable as a store of value. That's why investors want to keep it, not sell it or use it for transactions. On the other hand, Dogecoin is a currency that “encourages people to spend, rather than hoard as a store of value,” he said.

✔️ 2021 is considered a memorable year for Musk. He became the richest person in the world with a net worth of more than $264 billion, thanks in part to the strong rise in Tesla's share price. The company SpaceX he founded also made the first flight to bring tourists, without professional astronauts to orbit around the Earth.

✅ CONCLUSION:

🔹 Elon Musk continues to fomo DOGE, and is optimistic about the crypto market.
🔹 This is good news for DOGE, but not investment advice.

< SOURCE : Time Magazine >