MSM Believes ‘End Of Crypto’ Is Near, Cathie Wood Doubles Down And Dogecoin Gets Black Friday Boost

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Although the price of Bitcoin has mostly remained steady, there is still a lot happening this week. Major news outlets released articles and opinion pieces calling for the ‘end of crypto’, Ark CEO Cathie Wood doubles down on her crypto portfolio and believes it is a great time to invest while Dogecoin got a Black Friday boost.

Krugman

The Economist released a long-spun article which claimed that the ‘end of crypto’ would certainly be near while New York Times columnist and longtime crypto basher Paul Krugman went the same way last week already. Of course this is the same man who once said he didn’t believe the internet would amount to anything so we are not sure what to make of that forecast. The end of crypto has been foretold many times by the MSM but it has never happened.

Ark investment fund CEO Cathie Wood declared during an interview with Yahoo Finance that she was doubling down on her crypto bets and believed it was in fact a great time to invest. Wood says her investment fund was still betting on Grayscale, Coinbase and Block.

Sometimes you need to battle test, you need to go through crises to see the survivors first of all.

Wood said.

Black Friday

Lastly Dogecoin got a boost on Friday when influencer David Gokhshtein hinted at a possible cooperation between Tesla CEO Elon Musk and Ethereum founder Vitalik Buterin to make the ultimate memecoin more attractive.

I feel that we’ll all see Vitalik and Elon working together to somehow upgrade $DOGE.

— David Gokhshtein (@davidgokhshtein) November 25, 2022

Neither Musk nor Buterin reacted but Dogecoin itself saw a double digit percentage boost. It is still a long way off it’s all time high of 70 cents though.