Tesla Ceo, Elon Musk Bashes Bitcoin (BTC); Voices Support for Dogecoin (DOGE)

Elon Musk Bashes Bitcoin (BTC); Voice Support for Dogecoin (DOGE)

Dogecoin (DOGE) News (Feb. 4, 2020) – Elon Musk is back! The Tesla Ceo once again took to Twitter to express his disapproval of Bitcoin (BTC), and renewed his support for Dogecoin (DOGE). Dogecoin promotes itself as a “user-friendly” crypto with extremely low fee per transaction.

It has not been a month since Elon Musk publicly voiced his skepticism of Bitcoin. In the same instance, the eccentric CEO endorsed Dogecoin (DOGE) by saying “Dogs rock, they have the best coin.”

Elon Musk frequent DOGE shoutouts

Evidently, Musk has not been shy about endorsing DOGE. He has made his admiration of the altcoin public. On an April 2019 tweet, Musk said DOGE is thus far his favorite cryptocurrency project, writing “it’s pretty cool.”

Furthermore, Musk once defended DOGE‘s founder, Jackson Palmer Twitter. Palmer is a frequent scammers target on the social media platform.

As a result of Musk’s advocacy, Twitter’s DOGE investors and fans nominated him as the unofficial “CEO” of DOGE.

What is Dogecoin (DOGE) and its origin

Dogecoin is a peer-to-peer crypto launched in 2013 on the blockchain. The name “DOGE” was selected to pay homage to shiba-inu dog breed.

However, started as a joke, the project quickly become a darling of the crypto community. Founder, Billy Markus did not initially expect anything to come of the project.

Dogecoin (DOGE) 7-Day Trading Charts - By CryptoZink.io

Currently trading at #32 most popular cryptocurrency by market cap, DOGE has gained more than 5% since Elon Musk’s endorsement. Dogecoin (DOGE) current price is $0.00246.

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