Recently, Sam Bankman-Fried, Co-Founder and CEO of crypto exchange FTX, talked about retail investors’ interest in meme-based cryptocurrency Dogecoin ($DOGE).
His comments about Dogecoin were made during an interview for an episode of The Jax Jones and Martin Warner Show.
According to a report by The Daily Hodl, he said:
“If there’s like an asset of the year for 2020 and 2021, it would be Dogecoin. That is the asset that accurately reflects our current economic climate. That is the asset that we have all chosen and that we deserve for better or for worse.
“I don’t say that as an endorsement or an anti-endorsement. I’m not trying to take a position on it. I’m just saying everything we as a society have decided over the last year has been dragging us closer and closer to the Dogecoin financial standard.“
He also talked about Tesla CEO Elon Musk’s endorsement of Dogecoin:
“What have we done as a society that makes, you know, when did we swipe right on Dogecoin?
“There’s just been a ton of things and Elon, he’s actually powerful. He is the most influential man in the world when it comes to financial assets right now. His tweets move markets. He chose Dogecoin, and no one was surprised.
“Everyone kind of knew he’d choose Dogecoin… and we chose Elon. We signed up for this. We signed up for some amount of self-aware mockery for some amount of, you know, a sense of humor and for some amount of challenging norms and saying, ‘Okay, but seriously, maybe what makes your thing better than Dogecoin? You know, no, really answer me that. Yes, I realize it’s a meme. My question still stands.’“
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.