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MicroStrategy CEO Michael Saylor: “No Opinion on Dog Coins in Dogecoin-Shiba Inu Face-Off”

MicroStrategy CEO Michael Saylor: “No Opinion on Dog Coins in Dogecoin-Shiba Inu Face-Off”

Even while Bitcoin and Ether appear to have stuttered a little, Dogecoin and Shiba Inu have seen significant increases in their valuations. However, not everyone is persuaded. Micheal Saylor, the CEO of MicroStrategy, a business intelligence organization located in the United States, refused to take sides in the ongoing market squabble, keeping a neutral stance on the subject.

During a televised interview, the 56-year-old millionaire stated that he had no opinion on one dog coin competing with another, while reaffirming his support for Bitcoin, the world's most valuable cryptocurrency. "There are savers who want to buy reserve assets like Bitcoin, technological venture capital firms who want to invest in the next DeFi (decentralized finance protocol) or NFT (non-fungible token) platform, and speculators and entertainers who will have a new meme-coin." Everyone has a specialty. It's all a part of the cryptocurrency universe.

Saylor informed the television host, "I have no ideas on one dog currency vs another dog coin; I stay in my moniker, Bitcoin." With his Bitcoin acquisitions, Saylor is known as a bull in the crypto-space. According to ElevenNews, MicroStrategy presently possesses around 114,042 bitcoins valued roughly $3.16 billion. Saylor's scathing response to the popular dog-themed coins appears to be in line with what US whistleblower Edward Snowden recently said about them.

"If you were persuaded to exchange your hard-earned funds for new puppy money because a meme promised you'd become wealthy, please carefully assess your odds," Snowden commented on Twitter, escalating the Dogecoin versus Shiba Inu debate. The recent week has been quite favorable for these competing dog-based cryptocurrencies. Last week, the Shiba Inu increased by 46 percent, while the Dogecoin reached a daily high of 29.13 percent.

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