Dogecoin may be regulated as a security, investors need to be careful

On January 21, well-known CNBC host Jim Cramer tweeted that investors should be very careful about Dogecoin (DOGE), because it will be recognized as a security and regulated, and the regulation will understand how much DOGE is in circulation in the market, How much DOGE is created and traded every day. However, Jim Cramer's remarks were questioned by Billy Markus, the founder of DOGE. He said that Jim Cramer had better understand the working principle of the blockchain first. How much DOGE is created every day is actually written in the public chain code , visible to everyone. On the "securities" issue, Billy Markus said DOGE is a proof-of-work cryptocurrency that works the same way as Bitcoin, and that DOGE 99.5% of the code is the same as Bitcoin.