Recently, I saw Elon Musk make some intriguing comments about the essence of cryptocurrency.

In particular, the point that many people fundamentally misunderstand the definition of "currency."

Actually, when thinking about Bitcoin, most people see it as a means of daily transaction, but Musk's perspective is different.
He acknowledges that Bitcoin is indeed an innovative invention in the cryptocurrency system, but points out practical issues such as transaction volume limitations and high fees.
Blockchain technology is excellent, but due to design constraints, it’s not suitable for high-frequency trading.

Therefore, Musk emphasizes that Bitcoin’s true role is as a store of value, in other words, digital gold.
He believes it should function more as a long-term asset allocation option rather than a daily payment tool.

On the other hand, regarding Dogecoin, which initially started as a joke, Musk offers an unexpected evaluation.
He points out that in terms of transaction efficiency and actual payment use cases, Dogecoin is more practical.
In the world of cryptocurrencies, it may be more important how a coin functions in practice rather than its origins or background.

Listening to this perspective, I feel that Elon Musk is not just a cryptocurrency promoter but a keen observer who deeply understands the market and the true nature of money.
While many investors are caught up in short-term price fluctuations, his calm analysis of each asset’s fundamental role is valuable.