Elon Musk defended Dogecoin (DOGE), saying that Bitcoin (BTC) and Ethereum (ETH) are slow and expensive.
Tesla CEO Elon Musk has once again weighed in on the cryptocurrency scaling wars. In a recent response to a tweet by famous Dogecoin community member Matt Wallace, the billionaire claimed that both Bitcoin and Ethereum have slow and expensive fundamental layers. As previously reported, Musk recently expressed his support for a fee reduction proposal that could significantly improve the scalability of the meme cryptocurrency.
Musk’s latest comment has been met with harsh criticism within the cryptocurrency community. Bitfinex CTO Paolo Ardoino jokingly suggested that the billionaire build rockets using “spit and paper” to make them cheaper.