Dogecoin co-founder mocks dollar devaluation as gold hits historic high
Yahoo Finance·2026-01-20 20:04
As gold's price hit a new historic high of $4,750 per ounce on Jan. 20, the U.S. dollar index (DXY) fell to 98.52 on the day—its worst point since Jan. 6. The DXY is an index that calculates the value of the USD relative to a basket of foreign currencies. Related: Billionaire warns Greenland episode shatters Bitcoin myth The index's decline is an indication of dollar devaluation, which Dogecoin (DOGE) co-founder Billy Markus mocked amid a gold rally. Founded in 2013, Dogecoin is a meme coin that began a ...