Ripple CEO blasts Dogecoin for ‘inflationary dynamics’
Starting in 2013 with a supply limit of 100 billion coins, Dogecoin eventually switched to an uncapped supply. The CEO of Ripple, the company behind the XRP cryptocurrency, is not a fan of the meme-based digital currency Dogecoin (DOGE).Brad Garlinghouse believes that DOGE is not good for the cryptocurrency market due to its alleged “inflationary dynamics” and unlimited supply.Global inflation is driving Bitcoin’s (BTC) price higher but has a warning for Dogecoin fans, Garlinghouse argued at a CNBC-moderated panel at the Fintech Abu Dhabi event on Tuesday.“I’m actually not convinced,....
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