elon musk: ‘Can we neuter Dogecoin?’: World’s most expensive joke keeps getting funnier. Investors in on it?


Visual representations of digital cryptocurrencies, Dogecoin and Bitcoin.

Synopsis

At USD40 billion, the total value of Dogecoins out there is more than the market cap of Bharti Airtel, Asian Paints, and Maruti Suzuki, separately. The frenzy around the cryptocurrency, helped by Elon Musk, is building a false sense of assurance among naive investors. Reminiscent of a pump-and-dump scheme, people are happily ignoring the warning signs among the laughs.

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