Billionaire Bitcoin Investor Mark Cuban Calls For Crypto Regulation After Price Of Radical New Token Suddenly Crashes To Zero
Dogecoin, created as a"joke" in 2013, has soared since January to become one of the world's most valuable cryptocurrencies, sporting a market capitalization of around $37 billion. In comparison, bitcoin's market capitalization is currently around $650 billion. "I think that when you look at what happened on Gamestop, the only surprising thing was that it wasn’t a cryptocurrency, because that pattern happens all the time in crypto, it’s not unusual," said Bankman-Fried. The dogecoin price leaped higher in January after stock-trading platform Robinhood placed restrictions on Gamestop.
Musk's dogecoin support, something he himself has said isn't something that should be taken seriously, has alienated much of the bitcoin community in recent months, with many resentful of Musk's nonchalant attitude toward bitcoin.
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