2021-12-14 11:00:15
Elon Musk Says Bitcoin Suitable for Store of Value, Dogecoin for Transactions as Time Names Him Person of the YearTesla CEO Elon Musk, who has been named Time Magazine’s Person of the Year, says bitcoin is suitable as a store of value while the meme cryptocurrency dogecoin is more suitable for transactions. “Even though it’s created as a silly joke, dogecoin is better suited for transactions,” Musk said.
Time Magazine’s Person of the Year Says Bitcoin Suitable for Store of Value, Dogecoin for TransactionsTesla and Spacex CEO Elon Musk, the richest person in the world, has been named Time Magazine’s “Person of the Year” for 2021. During an interview with the magazine, published Monday, Musk talked about cryptocurrencies bitcoin (
BTC) and dogecoin (DOGE).
“For nearly a century, Time has named a Person of the Year — the individual or group who most shaped the previous 12 months, for better or for worse,” CEO Edward Felsenthal explained. “Person of the Year is a marker of influence, and few individuals have had more influence than Musk on life on Earth, and potentially life off Earth too,” he added. Musk’s net worth is more than $300 billion.
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