Is Dogecoin hinting at U.S. economy’s next move? Strategist breaks it down
A commodity strategist has observed that meme cryptocurrency Dogecoin’s (DOGE) market trends could be mirroring larger economic shifts, particularly those influenced by trade policies. In this line, Bloomberg Intelligence’s Mike McGlone noted that comparing DOGE’s market cap to Bitcoin’s (BTC) price relative to gold raises questions about whether speculative assets are foreshadowing macroeconomic trends, he said in an X post on April 3. McGlone highlighted what he termed as “Same-Chart Syndrome,” where Bitcoin and Dogecoin move in tandem, suggesting speculative assets react similarly to economic pressures. Picks for you Here’s how much Trump’s Presidency has cost Elon Musk so far 2 hours ago Will 'Liberation Day...