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Dogecoin co-founder mocks US dollar devaluation as gold hits historic high
As gold's price hit a new historic high of $4,750 per ounce on Jan. 20, the U.S. dollar index (DXY) fell to 98.52 on the day—its worst point since Jan. 6. The DXY is an index that calculates the value of the USD relative to a basket of foreign currencies. The index's decline is an indication of dollar devaluation, which Dogecoin (DOGE) co-founder Billy Markus mocked amid a gold rally. Founded in 2013, Dogecoin is a meme coin that began as a mockery of the first decentralized cryptocurrency, Bitcoin (BTC), as the latter attempted to challenge Wall Street's financial dominance in the wake of the 2008 economic crisis. ... (full story)
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