To investors, There is one phrase that has been seared into my brain over the last few months — “Depression or dog coins to a trillion.” This sentence was shared with me by Asymmetric’s Joe McCann during an interview where we discussed the current economic situation in America. Joe’s comment was meant to highlight the difficulty that the Federal Reserve is facing.
When I started buying a bit of crypto years ago, my strategy was roughly: buy the top 20+ market cap-weighted tokens, but exclude stablecoins and memecoins.
When I miss out on fads like Dogecoin, it doesn't bother me.
Memecoins (and fads in general) aren't interesting to me. I'll let those rise and fall.
I AM still curious to learn more about the relationship of BTC (and other big ones) and USD.
E.g. Bitcoin lovers love to say that BTC will hit $1M, but I worry about what the world would need to look like for that to happen. It might not actually be a dream scenario. It would be great if you could explore this.
When I started buying a bit of crypto years ago, my strategy was roughly: buy the top 20+ market cap-weighted tokens, but exclude stablecoins and memecoins.
When I miss out on fads like Dogecoin, it doesn't bother me.
Memecoins (and fads in general) aren't interesting to me. I'll let those rise and fall.
I AM still curious to learn more about the relationship of BTC (and other big ones) and USD.
E.g. Bitcoin lovers love to say that BTC will hit $1M, but I worry about what the world would need to look like for that to happen. It might not actually be a dream scenario. It would be great if you could explore this.
I agree with much of what you said here.
For any1 interested, here are my Feb PCE estimates that might help ease uncertainty about what Powell might say today:
https://open.substack.com/pub/arkominaresearch/p/feb-2024-pce-estimate?r=1r1n6n&utm_campaign=post&utm_medium=web
So the governments are just as stupid as the gambling public... that's great... just great...
Hates on Memecoins and gambling. Shills sponsors who directly support it. 🤣 go get em pomp
The meme-rally is intense. I have gone from crying to laughing, acceptance. Reality is insane, atm.