Dogecoin and Twitter Are Perfect for Each Other

A Dogecoin ad on a cryptocurrency automated teller machine in Hong Kong.

Photographer: Paul Yeung/Bloomberg

In this edition of the Bloomberg Crypto newsletter, Michael P. Regan samples a hair of the Dogecoin:

Two things can be true at once:

1. Dogecoin is quite literally a joke that serves as the perfect example of the ridiculous froth and unbridled risk-taking on display in pandemic-era markets, and as a result it’s a very foolish investment.