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Happy Friday, Blockfolians

The Lede

It’s the question on everyone’s mind. The question that people have been debating all week. Will Elon Musk talk about Doge when he hosts Saturday Night Live this weekend? And will it send Doge to the moon? Could it even…possibly…hit $1?

Of course, no one knows. And hopefully no one gets hurt betting too much on one outcome or another. But there is no denying that it is a hell of a cultural moment – and something unimaginable in the past. This clip from Matt Levine (who also quotes SBF in his piece) pretty well sums it up.

Just imagine traveling 10 years back in time and trying to explain this to someone; just imagine what an idiot you’d feel like. “There’s going to be this online currency that people think is a form of digital gold, and then there’s going to be a different online currency that is a parody of the first one based on a meme about a talking Shiba Inu, and that one will have a market capitalization bigger than 80% of the companies in the S&P 500, and its value will fluctuate based on things like who is hosting ‘Saturday Night Live’ and whether people tweet a hashtag about it on the pot-joke holiday, and Bloomberg will write articles and banks will write research notes about those sorts of catalysts, and it will remain a perfectly ridiculous content-free parody even as people properly take it completely seriously because there are billions of dollars at stake.”

This is the weirdest timeline, but hell if it ain’t fun.

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Final Thought

Heckuva rumor