/biz/ - Business & Finance

>>28071207
Well Elon definitely has some kind of stake in this, and whoever that mystery wallet is has been buying billionaire-amounts of doge for months. The best way to keep a coin stable is to have one person hold a gargantuan reserve and not move it, much like a reserve. That way no other whale dump can push the price too low. And he’d have the added benefit of becoming an actual trillionaire if it reached anywhere close to $1. Seems like a win-win-win, at least for everyone not part of the traditional banking system.

>>27988702
I’m arguing that it’s value now is big dependent on Elon, he is encouraging adoption. But once millions of people have stake in doge, it becomes self-perpetuating. Also i doubt he’d just drop it anyway considering there’s a non-zero chance he’s the biggest doge bagholder in the entire world.