Minn The Daily Hodl - 2 snin ilu - Ħin tal-Qari: 2 minuti
Ripple CEO Brad Garlinghouse Says He Wouldn’t Hold Dogecoin – Here’s Why
Il-kap eżekuttiv ta ' Ripple Labs is outlining his reasons for not holding the meme asset Dogecoin (DOGE).
Fil-ġdid intervista with CNBC, Brad Garlinghouse says that he doesn’t believe DOGE is good for the crypto markets and points to the coin’s inflationary dynamics as a primary problem.
“I’m actually not convinced, somewhat controversially I guess, that Dogecoin is good for the crypto market. It was built as a joke, then it got some momentum from some high-profile people like Elon Musk.
Dogecoin has some inflationary dynamics itself that would make me reluctant to hold it.”
With inflation at the highest in years in the US, Garlinghouse says he doubts assets with built-in inflationary mechanisms will perform well as consumers search for investments that will rise in value due to their scarcity.
“We’re seeing inflation that we haven’t seen in decades. When people are concerned about holding a fiat currency that might be inflating, and that’s devaluing, they’re looking at: ‘How can I hold other assets that won’t have that same inflationary dynamic?’”
Though Dogecoin has no maximum supply of coins it can have in circulation, its production is limitat at five billion new DOGE per year.
DOGE is trading hands $0.226 as of writing, a 24% decrease from its 30-day high of $0.299.
Iċċekkja Azzjoni PrezzTitlifx Taħbit - Abbona biex tikseb twissijiet bl-email kripto mwassla direttament fl-inbox tieghek
Follow us fuq twitter, facebook u, Telegramma
Surf It-Taħlita Hodl ta' Kuljum
Iċċekkja l-Aħbarijiet Aħbarijiet Ewlenin
Ċaħda: Opinjonijiet espressi f'The Daily Hodl mhumiex pariri dwar l-investiment. L-investituri għandhom jagħmlu d-diliġenza dovuta tagħhom qabel ma jagħmlu kwalunkwe investiment f'riskju għoli Bitcoin, kripto-munita jew assi diġitali. Jekk jogħġbok kun avżat li t-trasferimenti u l-kummerċ tiegħek huma għar-riskju tiegħek, u kwalunkwe telf li jista 'jkollok huwa r-responsabbiltà tiegħek. The Daily Hodl ma jirrakkomandax ix-xiri jew il-bejgħ ta ’xi kripto-muniti jew assi diġitali, u lanqas The Daily Hodl mhu konsulent dwar l-investiment. Jekk jogħġbok innota li The Daily Hodl tipparteċipa fil-marketing affiljat.
Immaġni Dehru: Shutterstock/INelson
Il-post Ripple CEO Brad Garlinghouse Says He Wouldn’t Hold Dogecoin – Here’s Why deher l-ewwel fuq Il-Hodl ta' Kuljum.
Sors oriġinali: Il-Hodl ta' Kuljum