Dogecoin, the Crypto Launched as a Joke, May Have the Last Laugh
On 4/22/21 at 3:50 PM EDT
Bitcoin may receive indirect support from an unlikely source Dogecoin.
Seeking Alpha, a crowd-sourced content service for financial markets, offers an intriguing view of Dogecoin, the parody cryptocurrency launched in 2013, and its relevance to Bitcoin. Every buyer of Dogecoin is (perhaps unwittingly) making a statement about the legitimacy of the Bretton Woods world order, the company said. The zoomer generation is having a good laugh while exploring the intersection of central banking and technological disruption.
In July 1944, delegates from 44 nations met at Bretton Woods, New Hampshire and pegged the value of the U.S. dollar to gold.