Elon Musk has consistently supported $Dogecoin(DOGE.CC)$ , a meme-inspired cryptocurrency. He's invested in it, along with $Bitcoin(BTC.CC)$ and $Ethereum(ETH.CC)$ .
Musk sees dogecoin as the best cryptocurrency to transact with.
"Fundamentally, bitcoin is not a good substitute for transactional currency,"
Musk told Time Magazine after being named Time's 2021 Person of the Year.
"Even though it was created as a silly joke, dogecoin is better suited for transactions."
The price of Bitcoin soon took a dive after the interview.
Any thought on Musk's word? Will his opinion push you to buy/sell any related cryptocurrency?