Michael Casey: Dogecoin and the New Meaning of Money

Just two weeks ago, dogecoin’s market cap was $8.3 billion, just below that of Hyatt Hotels. Then it started rising, not only beating out the hotel chain but also surpassing, in quick succession, the valuations of engineering giant Halliburton, banking conglomerate Credit Suisse and insurer Aflac. Then, last weekend, the $DOGE market cap rose above $45 billion to get beyond that of 330-year-old British bank Barclays, before peaking on Monday at $53.98 billion, a hair above Swiss banking giant UBS. 

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