Andrew Kang: Meme coins are not a zero-sum game, but a new asset class

Bitget App

Trade smarter

Bitget2024/03/18 01:31

By:Bitget

Andrew Kang, co-founder and partner of the encryption risk investment company Mechanism Capital, wrote that many people compare meme coins to lottery tickets, but meme coins are assets, and the market size may be 100 times larger than the gambling industry. Some also view meme coins as a zero-sum game, which is incorrect. The market will continue to create higher highs and higher lows in various cycles. Over the next decade, the total market value of meme coins will increase. This marks the emergence of a new asset class.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.

Cryptopolitan•2024/11/24 03:44

The clash of Bitcoin and benchmark stock indexes

Share link:In this post: The S&P 500 is up 25% this year, with financial and cyclical stocks leading, boosted by optimism around a Trump administration and steady economic growth. Bitcoin has surged 40% this month, nearing $100,000, driven by aggressive trading, retail investor enthusiasm, and headlines hinting at government support. MicroStrategy’s stock hit a $100 billion market cap, tripling its Bitcoin holdings’ value, but its wild 32% drop from intraday highs shows cracks in the frenzy.

Cryptopolitan•2024/11/24 03:44