‘Unfortunately a lot of retail punters are going to lose money on dogecoin in the long term because there’s really not much there in terms of interesting technology.’
That’s Nic Carter on CNBC on Wednesday explaining the potential perils of piling into dogecoin, as a number of celebrities and captains of industry have been touting the cryptocurrency that was created as a joke back in 2013.
Read: Should I buy dogecoin? Why prices of the cryptocurrency are surging—but risky
Carter underscored to CNBC’s Europe affiliate the fact that is widely understood in the crypto community that dogecoin has