Finally it happened...
A DOGE ETF (DOJE) 😵💫
It is necessary to clarify that I do not have a fixation against memecoins.
I also have nothing against FIAT money.
But both seem the same to me: a promise without a sustainable basis.
However, FIAT money is what you need to pay your taxes and it is often given to you as salary, bonus, or return.
But what are memecoins for? 🫵
Memes are just a community that believes and holds... And often loses a lot.
This makes memes the most similar to FIAT money in the crypto environment.
Being as volatile or more than bills from non-industrialized countries.
Let's agree that "crypto" exists because the 2008 crisis showed the flaws of the centralized financial system and FIAT money.
I estimate that the latter will burst sooner rather than later. And I wouldn't be surprised if the next bubble is the dollar itself, driven by its debt crisis, uncontrolled issuance, and the loss of exclusivity in its parity with the barrel of crude oil.
Something like that would end up dragging all FIAT money with it. That would be the beginning of a global and massive financial restructuring.
And I ask you: What place do you want crypto assets to occupy in a new global economic-financial order?
I do not want to go back to the same thing via memecoin. Or its centralized version (hello CBDCs).
DOGE only has the merit of being the first.
📢NOTHING MORE!!!🚨
In everything else, it is as inflationary as the FED or any central bank. It lacks real utility beyond being a means of payment. And worse, it is at the mercy of the current influencer who, with their nonsense or hidden interests, manages to move the price needle 😱
That it now has an ETF, even if it is through the "1940 Act," explains how tied the financial world is to junk money. And how much they love it wholeheartedly.
I will not tire of saying it: stay away from memecoins and you will be happy.
And get out of them as soon as possible...
This is my opinion and does not represent financial advice.
