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Better Buy: Dogecoin, Shiba Inu, or Bitcoin?
Yahoo Finance· 2025-11-08 12:45
Core Viewpoint - The article discusses the investment potential of meme coins like Dogecoin and Shiba Inu compared to Bitcoin, highlighting the significant price increases of these assets over the past five years, with Dogecoin rising by 5,800% and Bitcoin by 560% [1]. Group 1: Bitcoin's Investment Thesis - Bitcoin has a capped supply of 21 million coins, with mining rewards halving approximately every four years, making it increasingly difficult to produce over time [4]. - The demand for Bitcoin is not merely theoretical; it is supported by substantial net inflows into spot Bitcoin exchange-traded funds (ETFs), which have attracted tens of billions of dollars since their launch in 2024 [6]. - Bitcoin's independence from fiat currency and its resistance to inflation contribute to its long-term value proposition [7]. Group 2: Meme Coins' Characteristics - Dogecoin and Shiba Inu, while popular and community-driven, lack real utility and face challenges in sustaining growth compared to Bitcoin [9][10]. - Despite their significant price movements, the excitement surrounding meme coins does not constitute a solid investment thesis, and their supply dynamics are less favorable than Bitcoin's [9].