Jim Cramer, the host of Mad Money, has issued a warning about dogecoin (DOGE). He stated that meme cryptocurrency is a security that will be regulated. He also questioned the availability of dogecoin.
In the tweet, the TV personality may be referring to the dogecoin network’s proclivity for printing a large number of new DOGE each day—14.4 million new tokens, to be exact. As a result, demand is finding it difficult to keep up with supply.
dogecoin co-creator Billy Markus replied to Cramer:
Please learn how blockchain works. It’s already well known how many there are and how many are created everyday. It is in the public code on the public blockchain, easily viewable by anyone.