Dogecoin was created as silly joke but has more potential than Bitcoin – Elon Musk on Time’s Interview

By Team Tech Outlook Published on December 14, 2021, 01:13 IST

Elon Musk in an interview can be seen praising dogecoin. Elon Musk has recently been awarded the TIme’s Person Of the Year 2021. He has been receiving wishes from everywhere for his contribution to the space and technology sector altogether. He has been praised for bringing in Tesla – a new innovative way to boost electric vehicles.

In the interview, he can be heard saying that Dogecoin was created as a silly joke. Dogecoin is a better suiter for transactions. Transactions per day are more than bitcoin. However, it is slightly inflationary. Also said that it encourages people to spend rather than hoard.