![图片[1]-Are the aggressive buying recommendations from institutions and KOLs a sign that the Memecoin craze is peaking or a prelude to new highs?-OzABC](https://www.ozabc.com/wp-content/uploads/XX-750x375-1.png)
Trust in institutions is declining. This is likely due to increasing political polarization and the Great Recession of 2008, leading to growing distrust of mainstream media and banks. This underlying distrust and instability has paved the way for the implementation of new trustless systems like Bitcoin.
2. Global debt is ballooning, and some people may need a “Plan B” like Bitcoin or gold.
3. Negative-yielding bonds have hit a record high of $15 trillion. Bitcoin may attract investors who are beginning to realize the state of the global economy.
4. Macro View: Investors Turn to Bitcoin. Hedge fund managers and investors have begun to shift towards Bitcoin, which only highlights its potential. For example, former Goldman Sachs executive Raoul Pal has begun to switch to Bitcoin, calling it an option for the future of finance, the best asset for millennials right now, and stating that Bitcoin’s value is currently significantly undervalued in the long term.
Murad is a true “BTC Maxi” and crypto OG, and now he is advocating for Meme coin, which is “accessible to everyone,” instead of the peculiarly held Bitcoin.
Furthermore, he actively participated in Meme coin trading, having bought SPX four months ago and made a profit of up to 79 times. Recently, he even tweeted: “Whether you love it or hate it, Meme tokens will outperform everything in this cycle. This is just the beginning.”
He previously wrote that “VCs, retail investors, and TradeFi will all buy Meme coins because the smart ones are doing it.” He also claimed that “the reason for the arrival of the Meme coin supercycle is that investing in Meme coins is something that concerns everyone, and the more enthusiastic people are about investing, the more prosperous assets like Meme coins will become.”
![图片[2]-Are the aggressive buying recommendations from institutions and KOLs a sign that the Memecoin craze is peaking or a prelude to new highs?-OzABC](https://image.blocktempo.com/2024/10/0b8fe4a7e0790dfe745939c1ae5546f8.webp "0b8fe4a7e0790dfe745939c1ae5546f8 | 动区动趋-最具影响力的区块链新闻媒体")
Mechanism Capital co-founder: “The five major Meme coins of this cycle have been unveiled.”
On October 5th, Andrew Kang, co-founder of Mechanism Capital , posted that “it appears that Murad ‘s speech at Token 2049 catalyzed the next wave of capital reallocation into Meme coin. POPCAT appears to be one of the beneficiaries of these capital flows and is now undergoing price discovery.”
The four major meme coins preparing to join this cycle are BONK, WIF, PEPE, and FLOKI.
DWF Labs co-founder: “Institutionalized investment in Meme Coin is a key focus of our work.”
DWF Labs co-founder Andrei Grachev wrote: “The Meme coin market has become a mature and stable part of the industry. It exploits extreme fear and greed, enabling savvy investors and traders to make huge fortunes.”
DWF Labs institutionalized its investment in Meme several years ago, and it remains one of our priorities.
OG KOL Cygaar: “As long as the internet exists, Meme will continue to exist.”
Crypto KOL cygaar posted: “The Meme coin trend is inevitable.”
Cryptocurrencies are widely adopted by:
– People who are always online and love internet culture;
– People who are always looking for ways to make money;
– People who want to be part of a closely connected community;
– People who need some kind of faith.
For the new generation of internet consumers, creating, trading, and talking about tokenized Memes is a natural development.
There is still a lot of work to be done to make Memes more transparent and fair, but people are having a lot of fun, and some have made a lot of money from it.
The allure of getting rich quick by investing in the next viral Meme will continue to attract users. This is why AMC and GME have become such a massive phenomenon. As long as people spend a significant amount of time on the internet, Memes will continue to exist and thrive.
In summary: The price of BTC relates to freedom, while the price of Meme coin relates to fairness.
After the Bitcoin spot ETF was approved, when Larry Fink, CEO of global asset management giant BlackRock, was asked how much value he believed Bitcoin would have in the future, he replied, “What is the value of human freedom?” He then went on to declare, “I firmly believe that Bitcoin has an indispensable place in the investment portfolio; it is like ‘digital gold’.”
If Bitcoin, as the first decentralized cryptocurrency in human history, is about freedom in terms of price, then the Meme Coin project, rooted in internet culture and growing in an atmosphere of various spiritual and cultural symbols, is more like a series of symbols that “call for fairness and yearn for connection”—low barriers to entry, easy to understand, with a community, enjoy the present moment, earn high profits, and hope to get rich overnight.
Meme coins embody not only our desire for money, but also our expectation of connecting the real world and the internet through symbolic images. This is the reason why Meme coins will continue to exist and thrive.
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