A Conversation With a Dogecoin Millionaire

<p><i>This episode contains strong language.</i></p><p>What started out as a kind of inside joke in the world of cryptocurrency has quickly become, for some, a very serious path to wealth. Today we explore the latest frenzy around a digital currency, what it tells us about the flaws in the old economy — and the risks and rewards of the new one.</p><p>Guest: <a href="https://www.nytimes.com/by/kevin-roose">Kevin Roose</a>, a technology columnist for The New York Times, spoke with Glauber Contessoto about his investment in Dogecoin.</p><p><a href="https://www.nytimes.com/newsletters/signup/NTTD?smid=pc-thedaily">Sign up here</a> to get The Daily in your inbox each morning. And for an exclusive look at how the biggest stories on our show come together, <a href="https://www.nytimes.com/newsletters/the-daily?module=inline">subscribe to our newsletter</a>. </p><p>Background reading: </p><ul><li>Dogecoin has experienced a<a href="https://www.nytimes.com/2021/05/05/business/dogecoin-crypto-price.html"> scarcely believable surge</a> in the past few weeks. And the currency’s value has been closely tied to the Twitter presence, and <a href="https://www.nytimes.com/live/2021/05/10/business/stock-market-today/dogecoin-elon-musk">even the “Saturday Night Live” appearance</a>, of Elon Musk.</li></ul><p>For more information on today’s episode, visit <a href="http://nytimes.com/thedaily?smid=pc-thedaily">nytimes.com/thedaily</a>. Transcripts of each episode will be made available by the next workday.</p>