Dogecoin Founder Chooses Bitcoin Over DOGE

Cover image via U.Today

Billy Markus, the co-creator of Dogecoin known as Shibetoshi Nakamoto, shared his preference in the ongoing debate between Dogecoin (DOGE) and Bitcoin (BTC). When asked to choose between DOGE and BTC, Markus stated that he would prefer to have one Bitcoin.

This preference can be attributed to the significant difference in value, with BTC currently priced at approximately $65,800 and DOGE at $0.13. However, solely evaluating Dogecoin based on price overlooks its unique advantages.

While Bitcoin remains dominant in terms of market capitalization and acceptance, DOGE possesses distinct features that make it competitive in certain areas. Dogecoin transactions are typically faster and have lower fees compared to Bitcoin, enhancing their suitability for daily transactions and micropayments. Additionally, DOGE benefits from an active and supportive community that has utilized the cryptocurrency for various charitable initiatives.

DOGE's inflationary supply model distinguishes it from Bitcoin. Unlike BTC's capped supply of 21 million, Dogecoin produces five billion new coins annually. This continuous supply encourages spending and circulation, potentially making it a more practical option for everyday use.

Moreover, Dogecoin's brand recognition and cultural appeal contribute to its popularity. Originating as an internet meme, DOGE has gained widespread recognition and appeals to a broader audience, including those who may find the financial complexities of Bitcoin challenging.