Ripple CEO Brad Garlinghouse Says He Wouldn't Hold Dogecoin – Here's Why - Aliens: AI Crypto News & Markets Updates

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Ripple CEO Brad Garlinghouse Says He Wouldn't Hold Dogecoin – Here's Why

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The Daily HODL

Thu, Nov 25, 2021

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Dogecoin has some inflationary dynamics itself that would make me reluctant to hold it.” With inflation at the highest in years in the US, Garlinghouse says he doubts assets with built-in inflationary mechanisms will perform well as consumers search for investments that will rise in value due to their scarcity.

When people are concerned about holding a fiat currency that might be inflating, and that’s devaluing, they’re looking at: ‘How can I hold other assets that won’t have that same inflationary dynamic?’” Though Dogecoin has no maximum supply of coins it can have in circulation, its production is capped at five billion new DOGE per year.

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