Crypto
Who Let The DOGE Out? Why Is A Dogecoin At A $55 Billion Market Cap?
This picture taken on March 19, 2024 shows Atsuko Sato (L) with her Japanese shiba inu dog Kabosu, … [+]
Dogecoin’s market cap right now is almost $55B!
They said crypto would take over the world, but few imagined it would happen quite like this. Elon Musk’s appointment to President-elect Trump’s cabinet as head of the new Department of Government Efficiency (DOGE) has thrust a once-obscure “memecoin” onto the global stage. Cue commentators and citizens scrambling to undertake a crash course in Dogecoin.
How did this cryptocurrency, which began life as an in-joke, soar to the highest levels of government? Dogecoin was created by software engineers Billy Markus and Jackson Palmer. Markus, based in Portland, Oregon, wanted to create a cryptocurrency that was lighthearted and accessible, steering away from the complex, often intimidating world of Bitcoin.
Meanwhile, Palmer, inspired by the viral “Doge” meme—a Shiba Inu dog captioned with Comic Sans text in broken English—suggested the name “Dogecoin” on Twitter. The meme’s playful energy captured the humor and absurdity that the creators wanted to inject into cryptocurrency.
A laptop keyboard, Elon Musk post about DOGE on X displayed on a phone screen and representation of … [+]
Combining the open-source code of Bitcoin and Litecoin, Dogecoin was launched in December 2013. The Shiba Inu became its mascot, solidifying Dogecoin’s identity as the internet’s friendliest cryptocurrency. Its design deliberately embraced the humorous side of internet culture, and this whimsy attracted a community of fans. What began as a joke turned into something much larger than its creators ever expected.
Why Is Dogecoin Important?
I love Pepsi’s mantra. The traditional idea of “brand” is out and “culture” is on target. In today’s fragmented media landscape, culture has become more important than brand as consumers increasingly seek personal connections and emotional resonance. Traditional advertising struggles to cut through the noise, making cultural relevance a critical strategy for brands aiming to engage audiences.
By aligning with cultural moments, movements, and experiences, companies can foster deeper emotional connections that go beyond product attributes. Younger consumers, in particular, value brands that reflect their values and participate meaningfully in their lives. Investing in cultural engagement not only strengthens brand equity but also drives long-term business performance, as it creates lasting relationships and keeps brands top of mind in an ever-evolving marketplace.
402614 01: Supermodel Cindy Crawford drinks a Pepsi in this undated company supplied photograph. … [+]
Dogecoin’s importance lies not only in its status as a cultural phenomenon but also in its contributions to cryptocurrency adoption. Unlike Bitcoin, which has a fixed supply, Dogecoin has an unlimited supply, with over 140 billion coins in circulation as of 2024. This design keeps the currency inflationary, which many argue encourages its use for everyday transactions rather than HODLing as a store of value.
Its simplicity and friendly branding made Dogecoin accessible to people who might otherwise be daunted by cryptocurrency. Over the years, Dogecoin has found a number of niches; most notably, it’s been embraced for charitable causes and community-driven projects.
In 2014, the Dogecoin community raised $50,000 to send the Jamaican bobsled team to the Winter Olympics. This nod to the smash-hit Disney film Cool Runnings is a brilliant summary of Dogecoin and its community: fun, light-hearted, generous – and committed to making positive change in the real world. Similarly, the Doge community raised money for talented rookie Nascar driver Josh Wise, after he struggled to attract traditional sponsorship. Other initiatives show Doge’s more serious side, such as efforts to raise money for clean water in Kenya.
KINGSTON, JAMAICA – MAY 2: The Jamaican national bobsleigh team represents Jamaica in international … [+]
Projects like these are great examples of “decentralization” in action; they take a technical and – for many citizens – off-putting term and make it relevant to people’s lives in a way that’s both compelling and fun. No wonder than, in spite of its lighthearted origins, Doge has become a serious player in the market, consistently ranking among the top cryptocurrencies by market capitalization. Its loyal and growing community is a key factor in its longevity and relevance.
What’s Elon Got to Do With It?
Elon Musk, the CEO of Tesla and SpaceX, has played a pivotal role in Dogecoin’s rise to mainstream attention. Musk’s fascination with the cryptocurrency began in 2019 when he humorously declared Dogecoin his favorite cryptocurrency. Since then, he has frequently tweeted about Dogecoin, causing significant price fluctuations.
Musk’s tweets range from memes to statements about its utility. For instance, he has referred to Dogecoin as “the People’s Crypto” and suggested that it could be used for practical purposes like payments. Musk’s influence reached new heights in 2021 when he announced that Tesla would accept Dogecoin as payment for select merchandise, adding credibility to its use as a transactional currency.
However, Musk’s involvement has not been without controversy. Critics argue that his tweets contribute to market volatility, while others see his support as a catalyst for innovation. Regardless of these debates, Musk’s endorsement has brought Dogecoin into the spotlight, attracting new users and increasing its adoption.
Who Are the Core Contributors of DogeCoin?
Dogecoin’s development has always been community-driven. After its initial launch, its creators, Markus and Palmer, stepped away from active development. For a time, this left the project without dedicated maintainers, but the community stepped in to keep it alive.
In recent years, the Dogecoin Foundation, initially established in 2014, has been revived to support the project’s long-term growth. The foundation includes prominent figures like Dogecoin Core developer Ross Nicoll and Vitalik Buterin, the co-founder of Ethereum, who serves as an advisor.
The Dogecoin Foundation has also set up a development fund to reward contributors. In December 2022, the foundation allocated 5 million DOGE to this fund, ensuring that developers are incentivized to improve the network. This fund is overseen by core developers and community members, reflecting Dogecoin’s decentralized ethos.
UKRAINE – 2021/02/25: In this photo illustration a GitHub logo of a provider of Internet hosting for … [+]
Contributors to Dogecoin Core have focused on enhancing its functionality and security. The project’s GitHub repository remains active, with developers collaborating to improve the network’s scalability and usability. This ongoing effort underscores the community’s dedication to Dogecoin’s future.
I’ll Pay With DogeCoin
One of Dogecoin’s most practical uses is as a payment method, thanks in large part to the development of services like Bitrefill. Bitrefill is a platform that allows users to purchase gift cards, top up mobile phones, and even pay bills using cryptocurrency, including Dogecoin. This service bridges the gap between the crypto world and traditional commerce, making it easier for Dogecoin holders to spend their coins.
TOPSHOT – A technician inspects the backside of bitcoin mining at Bitfarms in Saint Hyacinthe, … [+]
Through Bitrefill, Dogecoin can be used to pay for everyday expenses, from groceries to entertainment. This utility enhances Dogecoin’s appeal as a functional currency rather than just a speculative asset. As more platforms like Bitrefill integrate Dogecoin, its adoption as a medium of exchange is likely to grow.
Why Is Dogecoin Important?
Dogecoin’s importance extends beyond its playful branding and celebrity endorsements. It represents the democratization of cryptocurrency, showing that digital assets can be fun, inclusive, and widely adopted. Its community-driven ethos sets it apart from other cryptocurrencies, emphasizing collaboration and accessibility.
Moreover, Dogecoin’s real-world applications are expanding. From charitable initiatives to practical use cases like payments, Dogecoin demonstrates the versatility of blockchain technology. Its low transaction fees and active development make it a viable option for micropayments, a feature that could drive adoption in emerging markets. And actually micropayments are important for developed economies too. I know some writers who would love to see publishers allow per-article access rather than yearly subscriptions, and if we can finally crack micropayments it’ll be transformative for all economies.
PARIS, FRANCE – NOVEMBER 12: In this photo illustration, a visual representation of the digital … [+]
Dogecoin’s story also challenges preconceived notions about what a cryptocurrency should be. While many projects focus on solving complex technical problems, Dogecoin’s success lies in its simplicity and relatability. This approach has inspired other projects to prioritize user experience and community engagement.
Where Do I Learn More?
While Dogecoin-specific conferences are rare, the cryptocurrency is often a topic of discussion at broader blockchain and crypto events. Dogecoin’s unique position as a community-driven project makes it a frequent subject in panels and workshops focused on decentralized finance and blockchain adoption.
Community meetups also play a significant role in Dogecoin’s ecosystem. Enthusiasts around the world organize events to share knowledge, celebrate milestones, and discuss developments. These gatherings highlight the community’s passion and its role in keeping Dogecoin relevant, and reflect the friendly, collaborative ethos of the currency itself
Online forums and social media platforms like Reddit and Twitter serve as virtual meeting spaces for Dogecoin supporters. Subreddits like r/dogecoin are hubs of activity, where users discuss everything from price movements to charitable initiatives. This digital-first approach to community-building reflects Dogecoin’s origins in the best of internet culture.
More Than A Meme. It’s A Movement
Dogecoin is more than just a meme; it’s a movement. Its journey from a joke to a top cryptocurrency highlights the power of community, the influence of cultural icons like Elon Musk, and the potential for blockchain technology to reshape how we think about money. Whether you’re buying gift cards via Bitrefill, attending a meetup, or simply enjoying its whimsical charm, Dogecoin offers something for everyone.
As Dogecoin continues to evolve, its significance in the crypto world remains undeniable. It’s a testament to the idea that sometimes, the most impactful innovations start with a laugh. And in the case of Dogecoin, that laugh has united a global community and turned a Shiba Inu into a symbol of financial empowerment.
Crypto
Upcoming ‘Bitcoin’ Movie With Casey Affleck, Gal Gadot Probes Satoshi’s Identity
Key Takeaways:
- New Bitcoin film stars Casey Affleck and Gal Gadot, probing Satoshi Nakamoto’s identity.
- Craig Wright’s disputed role deepens divisions across Bitcoin developers and market participants.
- Industry reaction may polarize further as the film revives debate over Bitcoin’s origins.
Bitcoin Creator Dispute Moves Into Mainstream Film
The mystery surrounding Bitcoin’s creator is moving into the mainstream as “ Bitcoin,” previously referred to in online reports as “ Bitcoin: Killing Satoshi,” adapts one of crypto’s most contested debates to the screen. Ahead of the Cannes market, Patrick Wachsberger’s 193, a film sales and production company, launched international sales on the project, signaling a push to global buyers. Around the same time, Acme AI & FX, the production company behind the film, confirmed it had wrapped production on the Doug Liman-directed feature. The movie, described as the “first fully-generated, studio-quality AI feature film,” centers on the unresolved question of who created Bitcoin and why that issue continues to influence industry discussions and market perception.
The story follows Charlotte “Lotte” Miller, a war correspondent played by Gal Gadot, who is recruited by blockchain investor Calvin Ayre, portrayed by Pete Davidson, to write an investigative report on Australian computer scientist Craig Wright. Casey Affleck plays Wright, with Isla Fisher also appearing in the cast. The film was written by Nick Schenk and produced by Ryan Kavanaugh and Lawrence Grey, with production beginning at the end of February. The synopsis described the film:
“A high-stakes conspiracy thriller that asks the question no one in power wants answered.”
A longer description presents the movie as the story of one man’s effort to prove he created Bitcoin, a claim that allegedly puts his life in danger and sparks a global controversy involving tech billionaires, world leaders, and the future of the financial system.
Craig Wright Claims Renew Industry Polarization
From a Bitcoin industry standpoint, the film enters a highly disputed issue. Wright’s claim that he is Satoshi Nakamoto has been challenged for years by developers, researchers, and other participants in the sector, many of whom point to the lack of accepted cryptographic proof. A 2024 U.K. court ruling also rejected his claim, adding legal weight to that skepticism. Within parts of the BTC community, Wright is widely referred to as “Faketoshi,” and critics have accused him of fraud tied to those assertions.
The production approach has also drawn attention, as the “fully-generated” label refers largely to AI-built environments and visuals, while actors perform traditionally with digital settings added in post-production. At the same time, the subject matter is likely to drive industry reaction, as many bitcoiners view the claims as legally and technically discredited rather than unresolved.
That divide helps explain why the film is likely to provoke a polarized response across crypto. Many will see it as reopening a debate already settled by legal findings and technical evidence, while others may view it as an attempt to revisit unanswered questions around motive and power. The synopsis stated:
“All this leads Lotte, and the audience, to the central question — If Craig Wright didn’t invent Bitcoin, why is a coalition controlling trillions in global wealth spending hundreds of millions and risking everything to destroy him?”
“This is an exciting and gripping story, set in the mysterious and high-stakes real world of crypto,” Wachsberger told Deadline. The positioning underscores how the film is being framed, not just as a thriller, but as a mainstream take on one of bitcoin’s most contested narratives, where claims have long been weighed against verifiable proof.
Crypto
1 Cryptocurrency to Buy While It’s Under $80,000
Key Points
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Investor pessimism toward the digital asset market has driven this top cryptocurrency 40% off its record high from last October.
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History reveals that fiat currencies often end in collapse, paving the way for this innovative monetary asset to find greater adoption across the global economy.
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Besides being electronic, scarcity and neutrality support this cryptocurrency’s value proposition.
It hasn’t been an enjoyable time if you have money tied up in cryptocurrencies. After the market’s valuation peaked at $4.4 trillion in October, we’ve witnessed a downward spiral that has resulted in that figure plummeting to $2.6 trillion today (as of April 17).
On the other hand, the S&P 500 index climbed 5% during the same time. It’s completely understandable if people want to forget about digital assets. They aren’t the easiest to hold; it’s hard to handle the volatility.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
However, a monster opportunity is staring investors in the face. Here’s the cryptocurrency to buy right now, especially since it trades under $80,000.
Image source: Getty Images.
It usually doesn’t end well for fiat currencies
It’s time to shine the spotlight on Bitcoin(CRYPTO: BTC), the world’s first and most valuable cryptocurrency, with a market cap of $1.5 trillion. Bitcoin is a decentralized monetary network that was built to allow anyone in the world to transfer value to anyone else anywhere in the world without the use of an intermediary. It was a technological breakthrough at the time. And it still is today.
To understand the enormous importance of a completely novel monetary network to emerge, one that’s digital, immutable, and not controlled by anyone, it requires looking at the past. Fiat currencies, like the U.S. dollar, have a troubled history.
Since President Richard Nixon ended the convertibility of U.S. dollars to gold in 1971, the world economy has operated on government-backed, or fiat, currencies. The U.S. dollar has been the global reserve currency.
But the track record is impossible to ignore. Fiat currencies often end in collapse. Before the U.S. dollar’s current reign, it was the British Pound sterling. Over time, inflation decreases purchasing power, sometimes rapidly.
Is the writing on the wall for the U.S. dollar? Persistent fiscal deficits in the U.S., an ever-expanding debt burden that’s nearing $40 trillion, loss of public confidence and trust, and political instability are all clear signs that cracks in the system are forming.
While unsustainable things can go on for much longer than people anticipate, perhaps it’s only a matter of time before the U.S. dollar’s dominance comes to an end. And Bitcoin appears well-positioned to be a winner from this development.
The history lesson naturally leads to Bitcoin
After gaining more knowledge about the history of fiat currencies, investors will figure out the best ways to allocate capital to maintain and grow their purchasing power over the next decade. High-quality stocks, particularly in businesses that possess pricing power, present one idea. Real estate and commodities are also interesting if you have expertise in these areas.
Gold also comes to mind. It might not be a coincidence that the precious metal’s price doubled in the past two years. Those in charge of large pools of capital might be considering some of the variables that I just discussed, leading them to direct money toward an asset that has been viewed as a top store of value for millennia.
I believe, however, that Bitcoin is the best bet if you think there’s even a tiny chance that the U.S. dollar will collapse as its predecessors did.
Bitcoin is superior to gold, in my opinion. It’s purely digital, while also being divisible, allowing people to transact with it. It’s borderless and portable. And it’s finite, with a hard supply cap of 21 million units. It makes sense that a neutral monetary asset would succeed, or at least rise alongside, the U.S. dollar’s run. Individuals, corporations, financial institutions, and governments should gravitate toward the supreme cryptocurrency.
And that supports a much higher price a decade from now, with the upside even bigger on a longer time horizon. With Bitcoin trading 40% off its peak, at a price that’s under $80,000 right now, investors have the opportunity to buy what could end up being the dominant financial instrument in the economy one day.
Should you buy stock in Bitcoin right now?
Before you buy stock in Bitcoin, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $524,786!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,236,406!*
Now, it’s worth noting Stock Advisor’s total average return is 994% — a market-crushing outperformance compared to 199% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of April 19, 2026.
Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
Crypto
Arthur Hayes Warns Bitcoin May Stall Until Liquidity Returns
Key Takeaways:
- Arthur Hayes ties bitcoin’s outlook to global liquidity, with upside dependent on policy-driven liquidity.
- Geopolitics create a bearish setup as war risk, deleveraging, and AI-driven stress weigh on markets.
- Liquidity injections could lift bitcoin once credit stress forces intervention.
Bitcoin Outlook Hinges on Liquidity
Arthur Hayes’ latest market note, titled “No Trade Zone,” signals that bitcoin’s outlook is increasingly tied to global liquidity conditions rather than traditional macro indicators. On April 15, the Bitmex co-founder and Maelstrom CIO outlined a cautious stance, citing geopolitical tensions and artificial intelligence-driven economic risks as key constraints. The essay presents BTC as vulnerable in the short term but positioned to respond to future monetary expansion.
Hayes centered his outlook on monetary conditions rather than conventional valuation models. He asked, “Do you believe the quantity or the price of money is more important when valuing bitcoin?” He then answered with a direct thesis:
“I believe the quantity of money determines the price of bitcoin, not its price.”
That view underpins his broader market framework, which expects bitcoin to struggle during periods of forced deleveraging, then strengthen when policymakers expand credit. He tied that dynamic to several geopolitical outcomes involving the Strait of Hormuz, as well as to a domestic economic slowdown driven by job losses among white-collar workers. In Hayes’ view, those pressures could hit credit quality, weigh on banks, and delay any durable crypto rally until authorities supply fresh liquidity to stabilize the system.
War Risk and Credit Stress Threaten Rally
That caution appears clearly in one of the essay’s most specific forecasts. “ Bitcoin might bounce a bit after the situation reverts to the pre-war status quo,” Hayes wrote. “However, the AI agentic deflation bomb still ticks below the surface. Until the Fed provides the liquidity needed to plug the black hole in banks’ balance sheets caused by consumer credit defaults, bitcoin will not meaningfully rise.” He further shared:
“That’s not to say it couldn’t spike to $80,000 to $90,000, but for me putting new units of fiat at risk requires an all-clear from the Fed.”
The statement shows that he still sees upside potential, but not before broader financial stress is addressed.
Hayes also warned that market stress could produce another sharp bitcoin selloff before any recovery takes hold. “As investors de-risk their portfolios because of higher volatility and lower prices, investors sell bitcoin to meet margin calls,” he described, adding: “Only when things get bad enough will bitcoin rise, as expectations of a bailout become the consensus.” In the most extreme scenario, even a liquidity-fueled rally may not last. As Hayes put it: “The rally in bitcoin, inspired by money printing, might be short-lived because the destruction of the Iranian state materially raises the prospect of WW3.” Taken together, the essay presents a conditional forecast: near-term volatility remains high, while any lasting upside still depends on crisis-era money creation.
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