It's gone up and down, up and down, but it’s lasted. If a large enough number of people in the community values it because it’s cute, because they like the meme, then it has value.Īnd Dogecoin has lasted so many years. But this shows the power of decentralization. Zhao: To be honest, I don’t get Dogecoin. Q: What’s your takeaway when cryptos that started as a joke are soaring in value? This conversation has been edited for clarity and length. Besides bubbles and meme coins, he talked about which cryptocurrencies he owns and his promise to donate most of his wealth. Zhao spoke with The Associated Press after his company issued a call for more regulation of crypto markets around the world. Such fast growth is drawing in more investors, as well as gaining the attention of regulators around the world. Led by Bitcoin, cryptocurrencies have swelled in value to more than $2.6 trillion, putting them on par with the world's most valuable stock, Microsoft.
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