Doge Is A Retail Phenomenon But The Boom Might Not Have Legs Galaxy Digital Ceo Declares
Speaking to Yahoo Finance, Novogratz said dogecoin’s spike in value is a retail phenomenon due to the supply of more money into the economy by the federal reserve. Furthermore, Novogratz compared the rise with the GameStop stock that surged to historical highs fuelled by discussions on social media platform Reddit. The bitcoin bull also warned against putting the asset into a portfolio. According to Novogratz: Novogratz dismisses bitcoin and doge comparisons The dogecoin boom has earned the asset comparisons to the recent bitcoin rally....