Bitcoin Is Aligned With The Memecoin Supercycle Hypothesis

Murad Mahmudov returns to ignite our X timelines. But you may have noticed that the “former” Bitcoin is not the focus of Bitcoin’s maximalist.

Murad can be confusing to the non-initiated. Bitcoin maximalistAs a result, the taboo idea of wrapping Bitcoin assets onto other blockchains has been criticized by the public. “memecoin supercycle.”

This is a long way from the posts he made in 2018. “The Pomp Podcast,” You can say that things like “Bitcoin is the soundest hardest currency that has ever been invented in history.”

What happened to him from his admission of guilt, and how did he come up with the idea that you should have a PEPE/GIGA portfolio, which is now his latest message? “invest in cults?”

Memecoin Bubbles will continue to dominate the Crypto Markets, until they eventually become the Bitcoin Standard.

This is really so simple.

— Murad 💹🧲 (@MustStopMurad) July 9, 2024

I’ll start with the article above. This is just one among many that has me believing Murad may be onto something.

It’s important to note that we are not talking here about a total disregard of the notion that believing in Bitcoin is equivalent to having a moral obligation. Michael Saylor and Jimmy Song have made this a fashionable argument in the past few years. However, I don’t think it is a persuasive one.

This is a choice that everyone can make. It has nothing to do with technology. It’s wrong to scam others. Nobody can stop you except you. 

Murad is indicating that, in the future cycle, he plans to make money from this. general collapse Altcoins are a place where there is an ongoing confidence. This goes against the grain.

Murad’s thesis is a compelling one, even if you ignore the moral question. It’s possible to say that most Bitcoin maximists agree on most points. 

He’s essentially betting on two trends at the same time that are really the core of the movement.

1. Bitcoin will soon be the dominant currency in the world. The price of bitcoin is currently mispriced. It will be the sole remaining cryptocurrency asset, the currency for the entire world one day.
2. Crypto VC is slowly collapsing. The engineering isn’t as impressive as they claimed. All altcoins will fail We’re starting to notice that retail investors have only been buying random memecoins.

Is it so difficult to imagine that between the two realities will be a period of crypto-degeneracy?

IMO, it is hilarious without speculating. 

As this thesis is developed, Murad will become increasingly relevant.

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Source: bitcoinmagazine.com