Dogecoin vs. Shiba Inu – Michael Saylor ‘Stays In His Lane’ Regarding Intense Comparisons

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Dogecoin vs. Shiba Inu - Michael Saylor 'Stays In His Lane' Regarding Intense Comparisons
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  • Dogecoin and Shiba Inu are in stiff competition on the cryptocurrency leaderboard.
  • Michael Saylor sits on the fence when asked for his opinion about the comparisons between the two meme coins.
  • Shiba Inu recently flipped Dogecoin to occupy the 9th spot in the list of largest cryptocurrencies.

The recent surge of Dogecoin and Shiba Inu in 2021 has split the ecosystem into two factions, with investors pitching their tents with their preferred coins. MicroStrategy’s CEO Michael Saylor has stated that he has “no opinions” comparing dog coins.

The Tentative Approach Of Michael Saylor

MicroStrategy’s CEO, Michael Saylor has revealed that he is not interested in any comparisons between Dogecoin and Shiba Inu. He made this known in an interview with Emily Chang of Bloomberg Technology where he spoke at length about several trends like Bitcoin, ETFs, and cryptocurrency regulation.

When asked for his thoughts about Shiba Inu, he began by stating that the market has different segments made up of the “savers” that buy reserve assets like Bitcoin and VC funds investing in DeFi or NFT platforms. The third segment, according to Saylor, is the speculators and entertainers.

“Everybody has got their thing. It’s all a part of the crypto world right now and it’s what makes it so interesting and exciting,” he said concerning the diversity in the ecosystem.

Chang went on to probe the Bitcoin whale on how he would compare SHIB to DOGE but he adopted a tentative stance. “I have no opinions about one dog coin v. another dog coin. I stay in my lane, Emily. Bitcoin.”

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Michael Saylor’s MicroStrategy has aggressively accumulated Bitcoin in recent months and the value of the company’s BTC now sits at $7.4 billion. In the third quarter, the company stacked up an impressive 9,000 BTC and its total holding is now 114,042 BTC.

Dogecoin and Shiba Inu

Dogecoin and Shiba Inu are cut from the same cloth, being based around the Shiba Inu dog that is indigenous to Japan. Popularly referred to as meme coins, Dogecoin and Shiba Inu have both gathered significant steam that has made them a force to be reckoned with.

Dogecoin rose to prominence on the publicity that it enjoyed from Tesla’s CEO, Elon Musk as it went on to reach an all-time high of $0.7376 in May. Shiba Inu’s entrance into the spotlight has seen it flip Dogecoin to become the dominant dog coin. SHIB set an all-time high of $0.00008845 amid reports that Tesla could adopt the crypto as a payment method.

In Q2, Dogecoin trading was responsible for 62% of Robinhood’s crypto revenue and despite its recent blip in prices, meme coin enthusiasts can pat themselves on the back that they occupy two spots on the top largest cryptocurrency list.