It appears that Elon Musk, the richest person on the planet, is dead serious about his obsession with meme cryptocurrency Dogecoin (DOGE).
After days of non-stop DOGE memes, Musk now talks about Dogecoin’s technical viability in a more serious tone. In a recent tweet, he took a shot at Bitcoin’s presumably deflationary monetary policy to make a case for the Shiba Inu-inspired crypto:
Doge appears to be inflationary, but is not meaningfully so (fixed # of coins per unit time), whereas BTC is arguably deflationary to a fault.
He also notes that Dogecoin is “a few orders of magnitude faster” than the Big Daddy of crypto.
Joke cryptocurrency Dogecoin (DOGE) is back in the top 10 on CoinMarketCap (CMC) after soaring to $0.0873 on Feb.