On Monday, Tesla ($TSLA@US) CEO Elon Musk was quoted in a TIME interview as saying that Dogecoin (
$0.000 ) has transactional superiority over Bitcoin (
$78,196.00 ) . This is interesting because Musk is a noted Bitcoin ( $78,196.00 ) bull, but he does have an affinity for Dogecoin ( $0.000 ) , which he often shares on Twitter ($TWTR@US). As part of the news cycle, Dogecoin ( $0.000 ) co-founder, Billy Markus, tweeted, “I think it’s safe to say the co-founder of PayPal ($PYPL@US) might know a little something about money, so y’know, it may be interesting to take a listen.” As news of the interview broke, investors are watching out for the pace of tapering to be announced by the Federal Open Market Committee this week. Additionally, Bitcoin ( $78,196.00 ) is falling in spite of massive inflation, which is contrary to what investors expect, especially as Bitcoin ( $78,196.00 ) has been used as a hedge against inflation. At press time, Bitcoin ( $78,196.00 ) was trading at just over $47 thousand, falling almost 3% and almost $15 hundred off its 24-hour high.
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