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Originally Posted by indes
I mean, he literally created dogecoin as a joke mocking the crypto world. I doubt he has significantly more insight into the upper echelon of the crypto world than the average retail investor would at this stage in the game.
To start speaking of politics and cabals and shadowy figures in the background reminds me of Tom Cruise speaking out on the environmental state of Canada.
Get rich schemes have been around forever and we see the same thing going on in the stock market today with people jumping all over meme stocks. It's pretty ironic that he speaks out against the very thing he created and undoubtedly made him a fairly wealthy individual. I think the most apt comparison for crypto is the internet. It's still in it's infancy and requires more adoption and regulation.
The people who think Crypto is just a fad and will disappear are naive and choosing not to see the future of finance.
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You're kind of ascribing arguments that were never made, and it's pretty well established that most coins rise and fall are controlled by certain whale wallets. Coordinated pump and dumps happen daily and are extremely visible and trackable.
"Regulation" of crypto is antithetical and he is absolutely not wrong about how the principal systems are applied.