Sarson Funds | Cryptocurrency & Blockchain Investment Funds

Access research

Cryptocurrency Financial Advisors

Dogecoin: “The People’s Crypto” Examined

Dogecoin Value Proposition

In the wake of Robinhood and other stock brokerages putting a hold on purchases of GME, AMC, and other stocks, a new movement has been started to buy Dogecoin. The movement largely traces back to popular Twitter account @wsbchairman posting a tweet on January 27th saying “a lot of you are talking about Dogecoin? What’s that? A meme crypto?”

In many ways, a meme crypto is the perfect way of describing Dogecoin. While it may not have many fundamentals or active developer activity behind it, it certainly has a social movement behind it. And that social movement is currently being lead by Elon Musk, Gene Simmons, Soulja Boy, and a whole community of Reddit investors who have proven they are a force to be reckoned with when it comes to moving financial markets. Even well-respected crypto investors have started to chime in and accept the idea that Dogecoin could really become “the people’s crypto” because of the lack of involvement from hedge funds and traditional financial institutions, further contributing to the “people’s currency” narrative.

Could the prospects of a truly fair token distribution and grassroots investor growth be enough to outpace the growth of bluechip DeFi protocols with better fundamentals and real use cases and value accrual? It will ultimately be up to the market to determine, but it certainly doesn’t seem like a smart bet to gamble against Elon Musk and the growing prevalence of meme culture.

Dogecoin logo source:

By Bradley Whitton

Disclosures: Not investment advice. It should be assumed that Sarson Funds or its affiliated managers hold positions in all projects that are discussed. It is not possible to invest in any project directly through Sarson Funds, Inc. or its affiliated managers. Any investment product offered by managers affiliated with Sarson Funds should be assumed to be only available to Accredited Investors and subject to the individual terms and conditions of that offering including but not limited to those eligibility requirements associated with U.S. Securities Regulation D, section 506c. Talk with your financial advisor before making any investment decisions or have them contact Sarson Funds directly at


Follow Sarson Funds

More Articles & Research

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.

More From Sarson Funds

On Key

Related Posts