“
‘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