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Elon Musk Laughs at Dogecoin-Hating Bitcoin Maxis

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Mon, 10/18/2021 - 07:15
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Alex Dovbnya
Elon Musk is not a fan of cryptocurrency tribalism
Elon Musk Laughs at Dogecoin-Hating Bitcoin Maxis
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Tesla CEO Elon Musk has seemingly picked sides in the recent debate between fellow billionaire Mark Cuban and a group of Bitcoiners.

The entrepreneur responded with the cry-laughing emoji to a tweet that praises the “Shark Tank” host for defending Dogecoin against “Bitcoin maxi vipers.”

As reported by U.Today, Cuban had a heated exchange with podcaster Preston Pysh during a recent conversation on Twitter’s “Spaces.”

Pysh implored Cuban to stop talking about meme cryptocurrency Dogecoin, but the latter refused.

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Cuban claimed that Dogecoin is a cheap introduction to the cryptocurrency industry.

He further praised the coin’s community for seeing the fun side of crypto.

In response to Musk, Pysh posted the chart, which vividly shows how poorly Dogecoin has performed against Bitcoin since “the Dogefather” made his much-hyped “Saturday Night Live” hosting debut in early May.   

Despite being heavily invested in Bitcoin, Musk has continuously mocked Bitcoin maximalists.

Back in May, the Tesla boss slammed Peter McCormack for creating “obnoxious” threads about the centibillionaire’s Dogecoin advocacy.

In August, Musk agreed with Cuban’s take about Dogecoin being the strongest cryptocurrency when it comes to payments.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.