It started as a joke on the internet, now it’s an actual investment.
WASHINGTON — By now, you have probably heard of Bitcoin. It’s the popular cryptocurrency that is making and breaking fortunes for online investors.
But, have you heard of Dogecoin? The latest cryptocurrency to trend online has turned into an investment for millions of people.
Dogecoin is a cryptocurrency that started as an online joke and now is much more.
Cryptocurrency can be confusing. It is a type of currency that is all online and has no government backing it. At this point, it is mostly seen as an investment.
“They’re trading their dollars for Bitcoin, they’re trading their dollars for Ethereum,” Matt Hougan said. “They’re making that trade in the hope that it will be more valuable in the future.”