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Dogecoin founder chooses Bitcoin over DOGE
Gamza Khanzadaev
“I’d Rather Have 1 Bitcoin”: DOGE Creator Resolves Dogecoin vs. Bitcoin Debate
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Billy Markusthe co-creator of Dogecoin known as Shibetoshi Nakamoto, recently expressed his preference in the ongoing debate between Dogecoin (DOGE) and Bitcoin (BTC). When asked if he would choose DOGE or BTC, Markus responded that he would rather have Bitcoin.
This preference is not surprising given the significant difference in value, with BTC currently valued at $65,800 and DOGE at $0.13.
However, evaluating Dogecoin based on price alone overlooks some of its unique advantages. While Bitcoin is widely recognized for its dominance, utility, and market acceptance, DOGE has its own characteristics that make it competitive in certain areas.
Therefore, Dogecoin transactions are typically faster and have lower fees than Bitcoin. This efficiency makes DOGE more suitable for everyday transactions and micropayments. Additionally, Dogecoin benefits from a vibrant and welcoming community that has successfully used the cryptocurrency for charitable purposes and online tipping.
DOGE in BTC by TradingView
DOGE’s inflationary supply model also sets it apart. Unlike the limited supply of 21 million BTC, Dogecoin produces five billion new coins every year. This continuous supply can encourage spending and circulation, making it a potentially more practical option for everyday use.
Additionally, Dogecoin’s brand recognition and cultural appeal contribute to its popularity. Originated from the meme, DOGE has gained widespread recognition and appeals to a broad audience, particularly those who may find Bitcoin’s financial seriousness too daunting.
About the author
Gamza Khanzadaev
Financial analyst, trader and cryptocurrency enthusiast.
Gamza graduated in Finance and Credit with a specialization in securities and financial derivatives. He then obtained a master’s degree in banking and asset management.
He wants to help cover economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.