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This article needs a lot of disclosure and I wish to thank Seeking Alpha for encouraging me to write it. I have written about Dogecoin (DOGE-USD) for a long time, since it was practically worthless
Twitter, Musk, Dogecoin: You've Got To Love It
Summary
- By buying Twitter, Musk is making a $44 billion purchase of an unprofitable and controversial social media platform.
- However, Twitter has a concentrated userbase that could be exploded into a much bigger platform.
- Dogecoin has the brand required to remain a key player in the crypto space.
- Web 3.0 hasn’t come to fruition yet: Twitter, Musk and Dogecoin might just be the intersection that kicks it off.
Clem Chambers is CEO of Online Blockchain plc, and founder of the upcoming financial information website aNewFN. He is also the author of Amazon No.1 Bestsellers: 101 Ways to Pick Stock Market Winners, and Trading Cryptocurrencies: A Beginner’s Guide. His many books you can found on Amazon.A prolific financial commentator, Chambers has written for many of the world’s leading financial titles and won Journalist of the Year in the Business Market Commentary category in the State Street U.K. Institutional Press Awards in 2018. Clem has a history of calling big market moves early.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of DOGE-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I have, do and will own chunks of Dogecoin
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