Tesla CEO Elon Musk Reveals Why He Supports Dogecoin

August 6, 2022

In a recent episode of Full Send Podcast, Elon Musk reiterated his support for the original meme-based cryptocurrency.

The world’s richest man said Dogecoin is better than Bitcoin (BTC) in making payments because “The total transaction capability of Dogecoin is much higher than Bitcoin.”

“I’m mainly supporting Doge frankly, because I think Doge has the memes and dogs and he seems to have a sense of humor and doesn’t take himself too seriously,” Musk said.

“Doge was just designed to be like this ridiculous joke currency, but the actual total transactional throughput capability of Doge is much higher than bitcoin,” Musk further noted.

Elon Musk envisions DOGE as the currency of the internet.

Elon Musk even enabled Doge payments for Tesla and SpaceX’s merchandise.

Tesla CEO had earlier hinted at increasing Doge’s use at his companies.