Musk: Dogecoin’s actual total transaction capacity is much higher than Bitcoin

Elon Musk reiterated his support for Dogecoin (DOGE) while participating in the Full Send Podcast, Golden Finance reported. Musk said that while Dogecoin was designed as a “ridiculous cryptocurrency,” it has real utility. He pointed out that Dogecoin has higher transactional power than Bitcoin. Additionally, Dogecoin’s inflationary nature is beneficial, as meme coins can be a viable transactional currency, where users don’t need to hoard coins and expect prices to rise, but can spend them in real life.