Cryptocurrency

Despite the rising price of Dogecoin and Shiba Inu, this millionaire giant gave such a statement…

MicroStrategy CEO Micheal Saylor has reinstated his support for bitcoin, saying he has no opinion on whether one doge coin competes with another.

Dogecoin and Shiba Inu have both posted major increases in their prices, even though Bitcoin and Ether stumbled a bit. But not everyone is concerned with the performance of Dogecoin and Shiba Inu. Micheal Saylor, CEO of US business intelligence firm MicroStrategy, refrained from taking any side in the ongoing market turmoil, maintaining an unbiased opinion on the situation. The 56-year-old millionaire reinstated his support for bitcoin, the world’s most valuable cryptocurrency, during a TV interview, saying he has no opinion on whether one dog coin should compete with another.

“There are savers who want to buy reserve assets like bitcoin, there are technology venture capital funds who want to invest in the next DeFi or NFT platform, and then there are speculators and entertainers and they are going to have a new mime coin. Everyone has their own point of view. It’s all a part of the crypto world. I have no opinion on one Doge coin running against another Doge coin. I only mean bitcoin.” Saylor told the news anchor.

Saylor also posted a part of this interview on his Twitter handle. Also take a look at this:

Saylor is recognized as a bull in the crypto-space with his bitcoin purchases. One of ElevenNews Report It states that MicroStrategy currently holds 114,042 bitcoins worth around $3.16 billion (about Rs 23,670 crore).

The past week has been very fruitful for both the Doge-based cryptocurrencies. While Dodgecoin also remained in the headlines, Shiba Inu made headlines for the ongoing jump in its price. While Dodgecoin was said to be more popular than Bitcoin and Ether in the US, the discussion about the growth of Shiba Inu was heated. While Dodgecoin touched a daily high of 29.13 percent last week, the Shiba Inu gained 46 percent on October 27.
Gadgets 360 crypto-price tracker As of now, the current token price of Dodgecoin is $0.29 (approximately Rs.21), Shiba Inu is trading at an increased price of $0.000072 (approximately Rs.0.0054).

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