Dogecoin is better than Bitcoin - Elon Musk again speaking out in favor of the joke token

American billionaire Elon Musk again praised the digital currency Dogecoin, stating that the meme token has advantages over Bitcoin.

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In an interview with Time magazine, which named Musk "Person of the Year - 2021", the businessman stressed that Dogecoin is better suited for practical use than the largest digital currency. This is due to the small volume of transactions in the Bitcoin network and the high value of the asset ($ 48,500 at the time of writing).

According to Elon Musk, Bitcoin is a great investment vehicle. But in practice, it is better to use Dogecoin due to the huge volumes of transactions on the network, although DOGE was created as a joke coin. The billionaire also noted that Dogecoin inflation is fixed, not a percentage, which can also be attributed to the advantages of DOGE.

Source: Time