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Elon Musk Wants to Go "All In" on Dogecoin Because of "Obnoxious" Bitcoin Threads

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Sun, 16/05/2021 - 18:02
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Elon Musk Wants to Go "All In" on Dogecoin Because of "Obnoxious" Bitcoin Threads
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After getting canceled by Bitcoiners, Tesla CEO Elon Musk now says that he wants to go "all in" on meme cryptocurrency Dogecoin. 

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His most recent tweet is addressed to Peter McCormack, the host of the "What Bitcoin Did" podcast who believes that the billionaire's vocal support for the meme token is "the perfect troll."          

Musk, in turn, describes such threads as "obnoxious." 

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Image by @elonmusk

Earlier today, Musk also defended his controversial Dogecoin scaling proposal, seemingly pulling a Roger Ver: 

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For those bad at math, 100X higher transaction volume with 100X lower fees means total fees earned stay same. Low fees & high volume are needed to become currency of Earth.

The Tesla boss is no longer in the Bitcoin community's good graces after the e-car maker announced that it had suspended Bitcoin payments because of the cryptocurrency's carbon footprint earlier this week.           

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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