Recently known meme-coin, Dogecoin (DOGE), is becoming the real cryptocurrency and getting pace growth in the crypto industry as it is being admired by many financial institutions and crypto figures like Elon Musk, Saylor, and Sam Bankman. Sam Bankman, the Chief Executive Officer (CEO) of the world’s one of the leading cryptocurrency derivative exchanges named FTX and aka a 29 years old young billionaire, calls Dogecoin (DOGE) the coin of the year 2021.
Sam Bankman-Fried appeared in an interview with Martin Warner Show and The Jax Jones, where he commented on the economic conditions of the ultimately affected the crypto trend and how DOGE- Shiba Inu-themed virtual asset got pushed and well-framed in the crypto industry. He said that if we look at any crypto asset that reflects our economic status accurately, that there would be no other perfect coin for this purpose except Dogecoin (DOGE) for the year 2020-21, and even he calls DOGE as the crypto asset of the year as he believes that this is the digital asset that we have chosen and we deserve it for the better economic status.
He also clarified that he isn’t looking for any position or part in it, and neither would he consider it as anti-endorsement nor endorsement. All he had to imply that everything they are having as being a part of society is that DOGE is bring them closer and closer to meet the requirements and standards of the financial regulations. He also highlighted the prominent event that took place in the crypto industry that ultimately drawn the attention of reputable investors to Dogecoin (DOGE). He was of the view that leads to an open-ended question that what made society put DOGE as the central topic of discussion in the crypto industry?
It is well acknowledged that Elon Musk is a very influential figure in the crypto industry as his work, interest, and opinions actually affect the market trends, and these days he seems to be favoring DOGE, and even he is offering services of SpaceX against Dogecoin (DOGE). Via tweets, he asserted his focus and interest in DOGE, and that got pace in the market. After DOGE is being admired by Musk, now Bankman-Fried is also favoring DOGE and calling it the coin of the year. Moreover, he has also socialized this fact via Twitter, interviews, and on other crypto-related platforms.