Elon Musk says dogecoin is better to buy things with than bitcoin. (via CNBCMakeIt)
"[T]he transaction volume of bitcoin is low, and the cost per transaction is high," he said. Musk added that bitcoin is more suitable as a store of value, which is why its investors want to hold onto it and not sell it or use it for transactions.
Dogecoin, on the other hand, is a currency that "encourages people to spend, rather than sort of hoard as a store of value," he said.
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