One of the persistent knocks against DOGE, and more broadly, crypto, is a lack of utility. As Dogecoin continues to build utility behind the scenes there is no such thing as bad publicity. The more institutions comment on Dogecoin, the better. Wherever your opinion personally falls, one thing remains true: Central bank commentary on Dogecoin serves to bring it further into the public eye and the mainstream. More skeptical readers are bound to give credence to his thoughts about crypto’s future.
The most fervent crypto speculators would interpret his remarks as thinly veiled fear. There is plenty of room for speculation regarding Richards’ comments. At the same time, he also admits that he has had a crypto wallet since 2014, as part of his job is to understand new payment methods. He then went on to directly question such assertions about Dogecoin directly, wondering whether one report that it was held by 5% of all Australians was true.
Richards broadly implied that cryptocurrency as payment is still an unlikely threat to fiat money, stating: “I can’t see shops posting their prices in cryptocurrencies or companies doing their annual reports in cryptocurrencies or lots of people wanting to get paid in cryptocurrencies.” That’s why recent remarks made by Tony Richards, the head of payments policy with Reserve Bank of Australia, are worth paying attention to. Thus, it is newsworthy when central bank officials make public remarks on a given cryptocurrency, or even the space at large.ħ Cheap Stocks Under $10 That Are Actually Worth Your Time Cryptocurrency is in direct competition with centralized finance.
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