Dogecoin cofounder Billy Markus commented on the proposal of a $5,000 stimulus check for every U.S. adult, suggesting instead a $1.2 trillion Dogecoin buy. Dogecoin ranks as the 11th largest cryptocurrency by market cap, currently valued at $13.24 billion with a circulating supply of 155.88 billion DOGE. Economists believe the $5,000 direct payments would be inflationary and could further raise consumer prices. DOGE has an infinite maximum supply but a fixed annual issuance of 5 billion coins, resulting in a decreasing inflation rate. At time of writing, Dogecoin was trading at $0.0849, up 1.75% in the last 24 hours.
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