There’s a good chance Dogecoin (CRYPTO: DOGE) is going to be for a while, Palantir Technologies Inc. (NYSE: PLTR) co-founder Joe Lonsdale said Thursday on CNBC’s “Squawk Box.”
If Elon Musk, CEO of Tesla Inc. (NASDAQ: TSLA) and SpaceX decide he wants to make Dogecoin a currency on Mars, “I bet he could,” Lonsdale said.
See also: How to buy Dogecoin (DOGE)
Dogecoin is growing at 2% a year, he said, adding that there is nothing irrational about a slow-growing cryptocurrency.
“I do not think it’s as crazy as it sounds,”
DOGE price action: Dogecoin, cryptocurrency based on a popular internet meme, has risen around 13,000% in 2021 as it receives endorsements from Elon Musk, Mark Cuban and other celebrities.
At the last check on Thursday morning, it was down to 0.0338% at 60 cents.
Related link: Dogecoin Rally A ‘Middle Finger’ for the system, says Bitcoin Bull Novogratz
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.