Warren Buffett made his position on clear cryptocurrencies – he doesn’t want to have anything to do with them. In 2014, he said: “It is not a sustainable means of exchange. It is not a reserve of value. »Almost a decade later, his position has not changed, and Dogecoin, the room even of $ 38 billion without income or utility, is the type of asset that he would avoid at all costs
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The lack of economic moat of Dogecoin is another major red flag. Buffett prioritizes companies with lasting competitive advantages, but Mastiff don’t have it. His domination can easily be questioned, as we see with Shiba Inu, another token on the theme of the dog who quickly won a market share.
What Dogecoin has for that
Despite the skepticism of Buffett, Dogecoin has two characteristics that he could admire: the value of the brand and the market of the market. According to The mad heterogeneousDogecoin remains the best coin, benefiting from a strong recognition of the name without spending a penny in marketing.
While Buffett will not touch it, Dogecoin Often solid Elon Musk And its ability to capture the attention of investors several times may explain why it refuses to fade, even when the media threw is.
At the time of writing Dogecoin is seated at $ 0.2521.
