This article is spot on and it's something I have been saying for quite sometime not only about free fed money printing going towards cryptocurrencies but nearly every asset known to mankind. This is proof that what the fed is doing is actually doing more bad than good but that is being ignored as every asset class continues to shine, once these bubblicious asset classes collapse is when all that real reality will set in. But for doge a coin the creator knows was created as a joke only to be worth tens of billions raises questions of how seriously upside down this market has become. Enjoy the free fed money because there is no way this will continue to last beyond anyone's wild imagination!!! Dogecoin boom is a retail phenomenon driven by Powell giving money to everybody, Novogratz says https://finance.yahoo.com/news/doge...ey-to-everybody-novogratz-says-132821381.html
Doggy coin is more proof cryptos are nothing but a hi tech pump and dump ponzi scheme. The whole house of cards will eventually collapse, the only question is when.
Might as well have some music to listen to to ride the crash. I am not so sure on your assessment though. LISTEN!
S2007S bullish? When did that happen. No way. He is the biggest perma bear I have ever come across. You must be confusing him for someone else.
Doge was cornered. The run had nothing to do with retail speculation driving up prices. There was a guy who bought for market share over the course of months
Have you ever encountered sarcasm? Are you new to the internet? Go back and read his posts again. He's a perma bear, complaining about this bull run for years and years on end.
I thought the inititial concept of the stimulus was to give people money to help pay for essentials... like food... when they weren't working and drawing a paycheck. Turns out, lots of that "kind of support" wasn't necessary... and the stimmy checks when to other things (including speculating in the stock market with call options). IOW... a political tool.