Financial advisor Ric Edelman chimes into the Dogecoin debate by calling the controversial meme token the “bad boy of crypto.”
Despite outperforming Bitcoin x165 year-to-date, Dogecoin continues to divide opinion. The primary arguments against it center around its poor fundamentals, namely its uncapped token supply and lack of definitive use case.
However, as evidenced by its popularity, this is one debate that is far from conclusive.
Edelman says people aren’t ready for crypto yet
Speaking to Yahoo Finance, Edelman said digital assets and blockchain technology are the most impactful commercial innovation since the internet itself. Adding that the significance of this on global commerce will be massive.
What’s more, somewhat ironically, most financial advisors don’t recognize this. Edelman explained this by describing a contradictory phenomenon whereby the more experienced and financially educated a financial advisor is, the harder it is for them to grasp cryptocurrency.
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