Lately I've been seeing tweets from Elon Musk and Matt Wallace who very often glorify Dogecoin and even they both seem to dislike BTC and ETH, thus saying that the Dogecoin transaction system is faster and cheaper than BTC and ETH, even Elon Musk himself immediately said that Dogecoin will be superior to Bitcoin and Ethereum after upgrading.
How do you guys react to this kind of thing?
Actually Elon Musk doesn’t hate BTC. On the contrary, he hodl it, and his company and his team do it as well. Also he is very interested in Blockchain technologies, so he is ready to help develop it. In terms of Dogecoin, Elon Musk understands that it is easy for him to manipulate prices of different shitcoins, so he just uses his authority to pump different tokens and earn from speculation.
but what Elon often says on social media is often different. sometimes supports but after that, he drops crypto. Of course, what was done on Dogecoin some time ago is a lesson for all of us. influencers do not actually endorse a project or asset in the marketplace. what they prioritize is profit for themselves.