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The Times

After GameStop, the rise of Dogecoin shows us how memes can move markets

  • Written by Jason Potts, Professor of Economics, RMIT University
After GameStop, the rise of Dogecoin shows us how memes can move marketsShutterstock

One of the most difficult problems in finance right now is figuring out the fundamental economic value of cryptocurrencies. And the past week has complicated this further.

For many cryptocurrency investors, the value of Bitcoin is based on the fact it is artificially scarce. A hard cap on “minting” new coins means there will...

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