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The dollar isn't a meme

From jpkoning.blogspot.com

"Currencies are not memes that only have value because governments say they do," writes Brendan Greeley for the Financial Times. I agree with him. The dollar-as-meme claim is often made by cryptocurrency enthusiasts. That this idea would emanate from the cryptocurrency community makes sense, since cryptocurrency prices are a purely meme-driven phenomenon. There is no cryptocurrency for which this is more apparent than Dogecoin, a cryptocurrency started as a joke and sustained by shiba inu gifs, but it applies equally to Doge's older cousin, Bitcoin. The harder you meme the higher a cryptocurrency's price, as the ... (full story)

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  • Category: Fundamental Analysis