Recent Crypto 'Bloodbath' Is Not Necessarily Bad, Regulators Say
— Crypto, Dogecoin, Recent, Project, Vast majority, Necessarily, Bloodbath, Founders, Period, Moves, Moves based upon, Majority, Vast, Figure, Clear example, Musk, Regulators, Tokens, Utility — 1 min read
Dogecoin is a clear example of [something that was] never designed with utility, the founders have left the project [and] it moves based upon the tweets of Elon Musk’s tweets,” he says. “I think the vast majority of tokens will go away over a period of time, because I can't figure out the utility,’ he says. “Dogecoin” is an example of a project that was never designed for utility, he says, “and it moves [based] upon Elon Musk's tweets.” Doge coins will be gone away over the next few years, he adds. Dogecoins are expected to be worth $1.5 billion, he said. Source