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Unchained
Are Memecoins the Next Evolution of Wall Street Bets? - Ep. 659
Jun 14, 2024
Nathaniel Popper, author of 'The Trolls of Wall Street', discusses the rise of online money communities and meme-based investing in crypto. He explores the influence of memes on modern investing, the impact of Robinhood on retail traders, and the parallels between trolling culture and political figures like Trump.
46:39
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Quick takeaways
- Online investing communities prioritize ideas over financial fundamentals, reshaping traditional investing practices.
- Memes in investing culture foster community while fueling speculation, emphasizing shared identities over financial data.
Deep dives
Bitcoin's Attention-Grabbing Power Through Memes
Bitcoin's rise to prominence due to a simple 'buy Bitcoin' sign behind Janet Yellen showcases the transformative influence of memes in the online attention economy. This incident highlights how humor and attention intertwine, making even jokes a powerful force in shaping reality.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode