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Tesla and SpaceX CEO Elon Musk tweeted a Meme-based tweet to promote Dogecoin (DOGE) again. This is the second time that Musk has implicitly supported Dogecoin after Musk posted his "favorite coin" on Twitter in the summer of 2019. (Bitcoinist)

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However, it can also be argued that any monetary inflation is necessary. Without inflation, Dogecoin holders will be encouraged to hoard their currency. This goes against the nature of Dogecoin.