Musk Called TIME Magazine Man: Dogecoin Better, Cryptocurrency More Difficult To Replace Fiat Currency

Tesla founder Elon Musk was named People of the Year 2021 by Time Magazine on December 13. He did an interview to talk about his usual use of Twitter, and also comparisons to Dogecoin (DOGE). Starting with Bitcoin (BTC), it is better to trade.

Denies he runs business with Twitter

Always aware of his radical / progressive rhetoric, Musk denied in an interview that his modern rhetoric has added to the industry's frustration. The market is constantly changing and the reasons behind it cannot be clearly explained. My point is the same, is there a difference in the exchange of goods that can happen all the time?

Dogecoin is a better medium of exchange and it is more difficult for cryptocurrency to replace fiat.

Musk once said that DOGE is a cheaper market than BTC when it comes to cryptocurrencies. He pointed out that although BTC is a whole new market, the volume of transactions is low and the cost of each transaction is too high. It is a retailer that is more lucrative than the money in circulation.

Musk, on the other hand, once again mentions the strength of DOGE: (DOGE) was born out of fraud, but DOGE is a business fit. The volume that DOGE can achieve is the equivalent of the volume of its modern equipment. , and the capacity is greater than BTC.

Musk said the DOGE may still have financial problems, but the rate of coin depreciation is stable, which means that over time the DOGE's depreciation will slow down, which may encourage the same people to use it. instead of eating. the price.

Musk said he thinks cryptocurrencies are very interesting and is happy to continue discussing the concept of mutual benefit as a way to share capital with everyone. However, Musk also indicated that he believes cryptocurrencies will replace fiat currencies. I don't hate fiat money like a lot of people in the crypto world.

Time magazine asked Musk what he thought was the richest man, believing that the inequality of the rich had penetrated far beyond the world and into space. Those who are powerful cannot do the same as invading other countries.

The word is no different.

As noted in several previous articles, Musk's influence appearing on Twitter is not limited to the cryptocurrency market. We immediately got a message from OKEX CEO Jay Hao, cryptocurrency analyst Lark Davis and online celebrity Mr. Beast.

Musk, who had no income but was known to have a large portfolio, also sold 934,091 Tesla shares in 9th place for $ 963 million in cash. 10% of the contract price. (Approx.64.71% complete)

On December 4, Musk used a Twitter meme to insult supporters of Web3.0 ignorance and support cryptocurrency, Web3.0, and Decentralized Autonomous Organizations (DAO).

As of this writing, Musk said on Twitter that SpaCEX is preparing to remove carbon dioxide from the air and convert it to gas. It remains to be seen if this madman can take us to Mars or make a big difference in human life. time to visit.