Blockchain and digital assets, which have already entered the mainstream, continue to gain momentum. Naysayers look increasingly foolish with their wave-of-the-hand dismissiveness (“It’s just a fraud!,” “It’s just a fad!”) and name-calling (“It’s rat poison squared!”) as investors demand better reasons to reject the legitimate and undeniable investment thesis these revolutionary technologies offer.
Blockchain and digital assets offer commercial benefits and value to virtually every business sector on the planet. That’s why 100 million people worldwide own bitcoin, including 17% of Americans. It’s also why corporations, pension funds, university endowments, fund managers and billionaires own bitcoin, and why analysts from Citibank, Tiburon Strategic Advisors, Guggenheim, ARK Invest, Stanford and others all predict 5x to 10x price increases.
And of course, it’s not just about bitcoin. It can be argued that Ethereum is even more important (and exciting), along with DeFi (such as UniSwap), CBDCs, stablecoins (Diem!) and NFTs – lots of jargon for sure, and all illustrating that if you don’t know what I’m talking about, it’s time you learned – for your sake and that of your clients.
Now, in the midst of all this, comes Dogecoin.
Back in 2013, after bitcoin began to catch attention, two software engineers from IBM and Adobe created Dogecoin as a joke, satirizing bitcoin’s rapid growth and appreciation. As part of the prank, dogecoin was used to raise money for the Jamaican Bobsled Team. Even the name was a gag: the misspelling of doggy, leading to many mispronunciations of the name.