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03.12 - 20:07
Few reasons why Binance’s CZ does not have to ‘get’ Dogecoin
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A lot of people don’t understand Dogecoin. Fortunately, not everyone has to “get” specific cryptos for them to have value in the market. A handful of people who are ready to trade using the digital asset is all it takes for legitimacy.
Changpeng Zhao, Chief Executive Officer of Binance, is among the group of people who do not understand Dogecoin.
In a recent interview, CZ noted,
“To be honest, I don’t get Dogecoin. But this shows the power of decentralization. What I think may or may not matter. If a large enough number of people in the community value it because it’s cute, because they like the meme, then it has value.”
Well, this holds true not just for Dogecoin, but also for Shiba Inu, Floki, and many other “cute” coins which have built a
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