Billionaire Grayscale Founder Barry Silbert Teases His Support For Dogecoin

Dogecoin, a meme crypto created to make fun of wild speculation in the crypto space, has been entering serious conversations of late. Barry Silbert, the founder of Digital Coin Group (DCG), teased that he considered buying DOGE recently.

Could Silbert be the latest Dogecoin convert?

The Grayscale parent company founder said in a tweet that he could not believe the thought crossed his mind.

Can’t believe buying DOGE actually crossed my mind today, he mused.

The significance of the statement remains unclear at the moment, however. While he has not been too outspoken about Dogecoin, this is not the first time Silbert is teasing about the Bitcoin knock-off token.

Last month, he shared a cryptic tweet that compared popular cryptocurrencies to equally popular rock bands. However, he failed to draw a comparison for Dogecoin, leaving it with a question mark.

Meanwhile, Dogecoin has been doing what every meme is intended for, which is sticking to minds. The token has been enjoying the spotlight of late, spurred on by Elon Musk and his bid to take over Twitter.

There are strong speculations that should the Tesla CEO be successful in his plans to buy the social media giant, integration of Dogecoin on the platform will be swift.

This has been heightened by Musk’s agreement with Dogecoin co-founder, Billy Markus, that the token needs more adoption and integrations to be more useful as a currency.

Dogecoin for institutional investors?

Dogecoin has been argued to hold great potential to become a global transactional currency. Proponents including Elon Musk and the CEO of Robinhood Vlad Tenev have held this stance. This puts up a serious use case for the memecoin that could distinguish it from other memecoin.

With developers of the blockchain working towards strengthening this narrative with strong community support, DOGE may achieve its potential in this direction.

This is why the DOGE community has not relented in courting new businesses to adopt the memecoin. If Grayscale, which is the biggest digital assets fund manager globally, launches a Dogecoin fund, it could do wonders for the adoption of the token.

Grayscale is not new to DOGE. A study conducted late last year showed that the memecoin is more popular than Ethereum among American investors it surveyed. Regardless, the asset manager has not disclosed any plans around the coin. DOGE is currently trading at $0.16, up 23.43% in the last 24 hours.

TAGS
Dogecoin (DOGE)

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Olivia Brooke

Olivia’s interests spans across the Cryptocurrency and NFT and DeFi industry. She remains as fascinated by cryptocurrencies today, as she was back in 2017, when she first started reading up about them.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.