CNBC’s Steve Liesman Dishes Out the Scoop on DOGE in Jobs Report
If you’ve been keeping up with the latest financial news, you’ve probably heard the buzz around Dogecoin (DOGE), the once-joke cryptocurrency that’s now gaining serious traction. And when it comes to staying informed, there’s no better source than CNBC’s very own Steve Liesman. So, when he joined “Squawk Box” to discuss the potential inclusion of DOGE in tomorrow’s jobs report, the internet couldn’t contain its excitement.
“Squawk Box”: The Dogecoin Surprise
Hosts Joe Kernen and Becky Quick welcomed Liesman with open arms, eager to learn about the potential DOGE bombshell. Liesman, ever the professional, wasted no time in setting the record straight:
“Let me clarify something, there’s been a lot of misinformation floating around about Dogecoin being included in the jobs report. I want to set the record straight: it’s not,”
The relief was palpable, but the intrigue didn’t dissipate just yet. Liesman went on to explain the real reason for the confusion:
“What’s happening is that the Bureau of Labor Statistics is going to be releasing its Consumer Price Index report tomorrow, and within that report, they’re going to be including a new category for ‘other intangible assets.’ Dogecoin, along with other cryptocurrencies, falls under that category,”
Impact on You
So, what does this mean for the average Joe? Not much, according to Liesman:
- No change in your wallet: The inclusion of DOGE in the Consumer Price Index report doesn’t mean that you’ll be seeing Dogecoin in your paycheck or that your employer will be accepting it as payment.
- More data: It does, however, mean that we’ll have more data on the value of Dogecoin and other cryptocurrencies, which can help inform investment decisions and provide a clearer picture of the market.
Impact on the World
But the implications go beyond the individual. Here’s what Liesman had to say about the potential impact on the world:
- Regulatory recognition: The inclusion of DOGE in the Consumer Price Index report could be a sign that regulators are starting to take cryptocurrencies more seriously, which could lead to more regulation and oversight.
- Market maturity: As more data becomes available on the value of cryptocurrencies, it could help the market become more mature and less volatile, making it a more attractive investment option for institutions and individuals alike.
Conclusion
So there you have it, folks. While the inclusion of Dogecoin in tomorrow’s jobs report may not mean a sudden influx of DOGE into your paycheck, it does signify a larger recognition of the role that cryptocurrencies play in our economy. And as we continue to gather more data and gain a better understanding of this burgeoning market, who knows what exciting developments lie ahead? Stay tuned to CNBC for the latest updates.
And remember, when it comes to your financial future, always do your own research and consult with a financial advisor before making any investment decisions.
