Business
I made a 500pc return on dogecoin – The Australian Financial Review
Meme investors like me helped give the cryptocurrency a $US50 billion market value, that’s more than Wesfarmers, Australia’s largest employer.
Dogecoin is among a number of financial assets that have exploded in popularity (and price) thanks to the once-in-a-generation serendipity of:
a) Millennials being stuck at home and bored;b) Governments throwing stimulus cheques at young people;c) New apps and platforms offering easy access to trade assets; andd) Internet meme culture.
Gamestop, Reddit, Elon Musk, cryptocurrency, BrainChip, Bed Bath & Beyond. Its all going To The Moon!
Meme-investing is less about fundamentals than it is about behavioural…
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