StormX CEO announced the growing adoption of digital currencies, and Dogecoin was called a pyramid

StormX CEO announces the growing adoption of digital currencies

StormX CEO Simon Yu is confident that the current bullish cycle is significantly different from the growth of BTC in 2017. Recently, digital assets have become much more popular among all categories of users.

“Cryptocurrencies have been growing steadily in popularity over the years, but 2017 left a bitter taste in a lot of people’s mouths when the market took a swift downturn. But fast forward to 2021 and it’s clear to see times have changed,” Simon Yu says.

The CEO of StormX also noted that the business does not need artificial scenarios for the use of cryptocurrencies. Today, support for digital assets is being added in order to improve the quality of services and make them more popular with customers.

Dogecoin was called a pyramid

The head of the Federal Reserve Bank (FRB) of Minneapolis, Neil Kashkari, expressed the opinion that dogecoin is a financial pyramid. The economist said this in a survey of the Chief legal officer at Coinbase Paul Grewal.

Grewal asked subscribers on the social network LinkedIn how to correctly pronounce the name of the DOGE crypto coin. He reported that he heard two people talk about how to pronounce the second syllable in dogecoin.

“You have to pronounce the Pong-chi scheme,” the head of the Federal Reserve Bank of Minneapolis wrote in response.