Michael Saylor, co-founder and CEO of Bitcoin-investor MicroStrategy, believes that it is unwise to pass on the cryptocurrency Dogecoin to descendants.

Saylor compared Dogecoin to Bitcoin and the huge potential of Bitcoin and the big differences between it and the joke currency.

Saylor warns against investing in Dogecoin:

in an interview Recently, Michael Saylor addressed Elon Musk’s recent tweets and public support for Dogecoin.

More specifically, Saylor commented on the mass insanity surrounding the meme coin, its high prices, and the association of many famous names with it.

Saylor, a big proponent of the leading digital asset Bitcoin, explained why many investors as well as people who don’t have any significant experience are jumping into a volatile cryptocurrency like DOGE.

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He saw that the economic situation at the present time is very unstable and that investors have lost faith in traditional strategies, money, bonds, treasury, etc.

This, along with people looking for quick profits rather than waiting for years, has changed their view of interacting with cryptocurrencies like Dogecoin.

The CEO of MicroStrategy warned people to be very careful when investing in the meme coin.

He concluded that the underlying cryptocurrency (Bitcoin) is the digital asset for the “next 100 years” and wiser investors tend to engage with it.

On the other hand, the role of the digital currency DOGE is temporary, and today’s investors do not want to leave it to future generations. In this regard, he said:

I don’t think you’ll want to leave Dogecoin to your grandson or granddaughter.

Dogecoin is useful in some way:

Despite the generally unfavorable opinion of Michael Saylor about Dogecoin, he also explained some of its benefits.

According to him, the entire obsession with “Dogecoin” is beneficial to the cryptocurrency industry in some way because it generates tremendous awareness and enthusiasm among outsiders about cryptocurrencies.

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Saylor mentioned that due to cryptocurrencies like Dogecoin, more than three million people joined the crypto market and opened accounts.

The CEO of MicroStrategy also emphasized the fun part of investing in Dogecoin, as Saylor sees many young participants in the crypto industry interacting with Dogecoin as entertainment, stating:

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Dogecoin, such as a boxing match or a basketball game.

He went further, saying that putting money into Dogecoin is like buying a lottery ticket, and it’s a fun activity to do if you’re bored on a Saturday night with a chance to win some money.

These statements were made by Saylor before Binance listed SHIB this morning.

Surely Saylor will feel even more distressed about the increase in the number of meme coins in the market and the momentum associated with it.

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