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Bitcoin Is Meme Coin? Coinbase CEO Clears Air

LIBRA token’s $4 billion pump-and-dump scheme has triggered a broader market downturn. As per the data by CoinMarketCap, the overall meme coin market wiped out $42 billion from its market cap in the last 30 days.

Related article: Dave Portnoy’s Greed Meme Coin Crashes 99% after He Cashes Out $258K
Critics argue that the LIBRA scandal is the final nail in the coffin for meme coins, with notable figures like Nic Carter declaring that the sector is “unquestionably over”. However, Coinbase CEO has defended the sector’s role in the crypto landscape while acknowledging its current challenges.

Armstrong stated that while he is not personally a meme coin trader, he recognizes their cultural significance. He pointed out that meme coins have existed since the early days of crypto, with Dogecoin

https://www.coinspeaker.com/bitcoin-is-meme-coin-coinbase-ceo-clears-air/