Tesla CEO Elon Musk has once again stressed that Dogecoin fulfills the properties of a means of payment in a better way than any other cryptocurrency.
While many bemoan Dogecoin’s infinite supply, the "Shark Tank" star sees its deterministic inflation as the key advantage since it makes it possible for it to become a viable payment method.
At the same time, Cuban views Bitcoin, whose hard-capped supply of 21 million coins is set in stone, purely as digital gold.
Musk is also doing his part in pushing Dogecoin’s merchant adoption. As reported by U.Today, SpaceX was paid solely in the Bitcoin parody to launch a lunar mission called “'DOGE-1” next year.
In early May, Musk also ran a Twitter poll to ask his followers whether Tesla should accept the joke cryptocurrency.
The e-car manufacturer suspended Bitcoin payments due to climate-related concerns shortly after that, but the centibillionaire recently said that the functionality would “most likely” be resumed.