“DOGE has all the time been, for our trade, form of an inside joke, a pet rock, a enjoyable, light-hearted factor. It simply appears to all the time be round, however [is] one thing, for essentially the most half, we now have by no means taken critically.
“Lately, as a result of efforts of Elon Musk principally and market manipulation by intelligent whales, Doge has grow to be stratospheric and has grow to be a haven for brand new entrants into the cryptocurrency house.
“Let’s be very clear – it is a bubble. The value of DOGE will not be sustainable. It’s going to break down, and a large quantity of retail cash goes to be misplaced in a short time.“
He went on to say:
“My thought is that after that bubble bursts it is going to be a catalyst for regulators and lawmakers to become involved in our trade and harm the whole trade.“
The views and opinions expressed by the writer, or any individuals talked about on this article, are for informational functions solely, and they don’t represent monetary, funding, or different recommendation. Investing in or buying and selling cryptoassets comes with a excessive threat of monetary loss.