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DOGE Co-Founder Explains How Wall Street Could "Repackage" Dogecoin and What For

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Wed, 06/22/2022 - 12:37
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Yuri Molchan
Co-creator of Dogecoin opines on how Wall Street funds could adjust meme coin should they become interested in it
DOGE Co-Founder Explains How Wall Street Could "Repackage" Dogecoin and What For
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IT engineer Billy Markus, who created Dogecoin as a parody of Bitcoin back in 2013 together with Jackson Palmer, has taken to Twitter to do some public pondering and to publish a few "maybe someday" thoughts about DOGE.

In particular, he believes that should the meme coin become acknowledged by the Wall Street, bankers and traders would turn it into a somewhat different asset compared to the original coin.

Besides, he also allowed the thought that Dogecoin would be able to succeed where Bitcoin has so far failed.

"Wall Street would just repackage Dogecoin"

Markus wondered if DOGE could succeed where Bitcoin has so far failed – in the emergence of Dogecoin exchange-traded funds. He has jokingly assumed that Wall Street and banks would be "too humorless" to permit Dogecoin-based ETFs.

But in the next tweet in the thread, the co-creator of the coin soberly admitted that in order to succeed in the space of ETFs and generally gain the interest of Wall Street, bankers and traders would "just repackage it to sound fancy," so that it is easier to make money on DOGE.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.