How Dogecoin could trigger next market crash, according to commodity strategist
Bloomberg Senior Commodity strategist Mike McGlone has cautioned that meme cryptocurrency Dogecoin (DOGE) could play a surprising role in destabilizing financial markets. According to McGlone, this potential destabilization could echo past downturns such as the Great Depression in 1929 and the Dot-com bubble of 1999, he said in an X post on March 17. His Analysis was based on Dogecoin’s market cap trajectory alongside Bitcoin (BTC) and gold, hinting at vulnerabilities in these assets. The expert drew a parallel between Dogecoin’s past rise and the speculative bubbles that preceded major market downturns. Picks for you Legal expert warns Ripple v. SEC delay could crush XRP 21 mins ago XRP whales load up on 150 million tokens — should you b...