- The SEC delayed Grayscale's Dogecoin ETF decision.
No offense to DOGE supporters, especially the disciples of Elon Musk.. but honestly, I think it’s a good thing that the decision is being delayed. That means they’re taking the time to think it through carefully.I personally hope it doesn’t get approved. For me, it feels like a joke to see a meme coin like DOGE having its own ETF.
Just sharing my honest opinion here - nothing personal.
As an investor, I will no investment through ETF coins like doge which started off purely as a meme coin without any use case.
If individual's vote or opinions are to be considered, I do not endorse doge ETF. If approved could trigger one insane trend I cannot be able to predict now.
dude stick with that if you want.
meanwhile the second largest pow algo is scyrpt and there are close to 500 million usd in asics backing it.
doge has a perfectly decreasing inflation rate which can be predicted as long as electricity works for humanity.
ie btc will stop mining fresh blocks in 100 years while doge can easily work for 1000 years plus.
the answer is pow makes a coin interesting to the current USA 🇺🇸 government
In 100year BTC will stop mining fresh blocks, it's true but then BTC will still be in circulation and miners might the major influencers of the market.
In conclusion, the industry is wide enough to accommodate everyone. BTC ETF can co-exist with Doge ETF.