CandleFocus Mike McGlone Likens DOGE And ‘Unlimited Supply Cryptos’ to ‘Dot-Com Bubble’
2025-01-06
Author: Content Editor
In a recent post on X, Bloomberg Intelligence's Chief Commodity Strategist Mike McGlone discussed altcoins and meme coins, including Dogecoin. He referred to these coins as "Bitcoin wannabes" and stated that there are currently 2.4 million so-called cryptocurrencies in the market. McGlone compared Dogecoin and other similar coins to the dot-com bubble, suggesting that future generations may view them similarly. He also pointed out that Dogecoin, with a market capitalization of $68 billion, has "1,999 inklings" and called it an "unlimited supply crypto" that will compete with Bitcoin and precious metals. In other news, renowned investor Robert Kiyosaki predicted that Bitcoin will reach a minimum price of $175,000 by 2025 and could potentially grow to $350,000. Kiyosaki urged the community to save Bitcoin, silver, and gold, referring to the current market crash as a reason to continue investing in these assets. Bitcoin recently regained the $99,000 level and is now trading above $101,000.
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