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#1329 Arthur Hayes | Bitcoin Is Going To $1 Million!
The Pomp Podcast
Arthur Hayes On Why Memecoin Investing Is A Thing
Investing in meme coins is a way to rebel against the traditional financial system, expressing frustration towards the devaluation of currency and the recurring bailout of bankrupt banks. It is a stand against the ideology of owning a balanced portfolio and showcases a rejection of fiat currency. Memecoin investing provides a means to resist the manipulation of money by governments and the continuous rewarding of financial institutions that cause economic turmoil. It represents a move away from traditional investments like stocks and bonds, offering some individuals a way to accumulate wealth by going against conventional norms. The appeal also lies in the entertainment value and the underlying sentiment of anger towards the system that verges on being a form of validation for those participating in meme coin investments.
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