Matt Levine, Columnist

Trump’s DOGE Is Good for Dogecoin

Also private-market alpha, Destiny Tech100 is back and not getting enough meat in your burrito is securities fraud.

November 13, 2024 at 7:34 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Man, it is way past time for someone to write a textbook of meme finance. Here’s roughly how I understand it:

This is not correct in every particular; it is not a perfect model of, for instance, GameStop Corp. stock. (It’s not that far off!) It’s not even quite right about Dogecoin, which has grown beyond Doge. But it’s a rough cut at the thing that is going on here. What I want to say about it is: