For example, “every minute of every day, 10,000 more dogecoin are issued.
Bitcoin, on the other hand, has a finite supply of 21 million, which creates a “built-in scarcity …
Bitcoin launched in 2009 with an extremely detailed white paper written by Satoshi Nakamoto, the pseudonym used by bitcoin’s creator or creators.
In comparison, dogecoin was created as a joke in 2013 by software engineers Billy Markus and Jackson Palmer.
But “for many people, investing is becoming a form of entertainment,” Demirors says.
In fact, experts warn that investors proceed with caution before buying dogecoin, deeming its rally to be highly speculative.
“I worry that, once the enthusiasm rolls out, there’s no developers on it, there’s no institutions coming in.