NEW!Incredible offer for our exclusive subscribers! Read More
AltcoinsBTCCryptoETHMiningOtherStock

“Dogecoin Seems Like a Prescription for Disaster”: Bain Capital’s Steve Pagliuca

1 Mins read

In his May 12 interview with Bloomberg, Steve Pagliuca, co-chairman of private equity firm Bain Capital, called Dogecoin “a prescription for disaster”:

Source: u.today

Obviously, it could be a lot of fun to buy a dollar or two of Dogecoin, but I certainly wouldn’t bet my savings on that.

The meme cryptocurrency is currency trading in the green after Tesla CEO Elon Musk ran a Twitter poll to find out whether the leading e-car maker should accept it as a form of payment.

The poll has attracted 3.8 million votes, with the majority of Musk’s followers willing to see the meme coin as a new payment method.

DOGE is still up over 11,000 percent despite a significant correction that occurred during the billionaire’s “Saturday Night Live” hosting debut.

Pagliuca also has a Bitcoin warning

Pagliuca also cannot wrap his head around Bitcoin being a “viable currency.”

That said, he does see it as a better alternative to gold because it’s portable and divisible:

Bitcoin is actually a more efficient store of value. You can transfer, it’s dividable. The blockchain technology is fantastic, but I think it has a long way to go.

If Bitcoin does go as far as becoming a currency, he predicts that governments will react to this with draconian regulations.

Related posts
Other

Cointolab blocked more than 10 thousand wallets from Russia

1 Mins read
The Cointolab platform said it has blocked more than 10,000 wallet addresses associated with Russian individuals or entities that it believes are…
AltcoinsBTCCryptoETHMiningOtherStock

Bitcentr launched the largest aid campaign!

1 Mins read
Ukraine is at war, war for our freedom but also for European freedom and democracy. People of Ukraine are in a big…
Other

Cryptexby with Bitfinex will start a trading giveaway for Telegram users

1 Mins read
In this paragraph, Bitfinex with Friends of Cryptexby.com are starting with Top crypto giveaway. After that From 0.001 tо 0.25 bitcоin and…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *