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Taproot: La nueva actualización de BTC lo desmarca del oro | Estrategias de Inversión

Taproot: La nueva actualización de BTC lo desmarca del oro | Estrategias de Inversión
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Bitcoin, dogecoin, crypto, and the era of meme stock investing

Uncovering and explaining how our digital world is changing and changing us. My first Covid-19 vaccine shot came with a dose of cryptocurrency advice. The guy administering my jab in the back room of a small clinic on Coney Island told me he was buying dogecoin, the canine-inspired meme coin whose price swings wildly in part because of Elon Musk’s tweets. He suggested I buy some, too. We are in the age of investing by meme. Some people are tossing tons of money into a stock or a coin not because they believe there’s something significantly different about the underlying value of the asset but because it got popular on the internet, and they think it’s funny, cool, or just something to do. They buy into the hype generated on platforms like Reddit and TikTok and join in. Crypto is the epitome of all of this as well as all the disarray and confusion that entails.

Chart: How bitcoin prices move with Elon Musk s tweets

Christophe Gateau/Picture Alliance via Getty Images This story is part of a group of stories called Uncovering and explaining how our digital world is changing and changing us. As Elon Musk tweets go, so goes the crypto market. The billionaire and Tesla CEO has been tweeting about crypto a lot, too, sending the price of bitcoin as well as dogecoin up and down with fewer than 280 characters. Musk’s tweets, while not necessarily posted for his own financial gain, can greatly affect investors in cryptocurrency. They also raise questions about the solidity of a market that can so easily be swayed, especially as retail investors increasingly flock to cryptocurrencies. Cryptocurrency exchange platform Coinbase in April became the first major cryptocurrency company to go public in the US, signifying the mainstreaming of blockchain-based currencies like bitcoin, ethereum, and dogecoin.

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