Steady Lads How to Play the Memecoin Cycle w/ Miles Deutscher
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Nov 15, 2024 
Miles Deutscher, a savvy content creator and YouTuber, dives into the wild world of cryptocurrencies and memecoins. He and the hosts chat about Bitcoin's recent surge and evaluate whether the future lies in utility or memes. They dissect the speculative nature of the market, explore the emotional motivations behind meme investments, and reflect on the intense competition among cryptocurrencies. Expect laughter and insightful takes on market trends, alongside light-hearted anecdotes that capture the whimsical side of the crypto community!
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Bitcoin Plus Meme Coin Super Cycle
- The current market suggests a Bitcoin plus meme coin super cycle.
- This is indicated by significant rises in Bitcoin, Dogecoin, and Pepe coin, while Ethereum and Solana lag.
Miles Deutscher's Pepe Play
- Miles Deutscher bought Pepe coin at a $100 million market cap and saw it rise to $10 billion.
- He's now taking profits and exploring other meme coin rotations on Coinbase.
Dogecoin's Wealth Effect
- Dogecoin's price surge creates a wealth effect, prompting retail investors to revisit their portfolios.
- This renewed interest drives them towards the meme coin section, creating a marketing loop.