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Why memecoins are greater than memestocks
Do you remember the memestonk mania of 2021? Even after suffering nearly 90% drawdowns, exuberant AMC and GME equity advocates persist. Meanwhile, memecoin DOGE has reclaimed $60B in market cap (years after Elon’s much hype appearance on SNL).
Sensing the fiat money printer is revving up again, the mythical Roaring Kitty recently logged back in after a three-year hiatus (or self-imposed exile). Yet AMC and GME are still a far cry from previous highs.
The Roaring 20s are imminent as Musk gave DOGE a boost via Trump’s proposed government downsizing initiative. *Disclosure: I don’t hold memecoins but think it’s funny — and likely wouldn’t be so popular if the economy was based on “sound money.”
Bitcoin (or Dogecoin) may be the key to upgrading money and finance at scale. While building consensus with core resistance to any individual, corporation, or government.
Central authorities can be fallible so the Department of Government Efficiency upholds DOGE’s values. Against the fiat monetary rollercoaster, AMC and GME investors…
