 ▲ Novogratz/Source: |
Mike Novogratz, CEO of Galaxy Digital, a financial services company specializing in cryptocurrency, reiterated his support for meme coins, calling them the "cornerstone" of the cryptocurrency industry.
According to Cointelegraph, cryptocurrency magnate Novogratz said through his “He said.
He said, “People are already making money with meme coins, and the means can be summarized in two ways. One is to find and trade meme coins with a quirky sense of humor. People will laugh at it and love it at the same time. My son-in-law is already a memecoin investor. Another method is to create your own meme coin. Some argue that Memecoin's popularity is temporary or that people will immediately leave Memcoin if they lose money. But memes have always existed, and the desire to make money quickly has also always existed.”
However, unlike Novogratz, other figures in the cryptocurrency industry are not very supportive of memecoins.
Charlie Silver, CEO of Permission.io, disagreed with Novogratz, saying, "Memcoins are just stupid casino chips. The cornerstone of the cryptocurrency economy hasn't arrived yet."
McGavin, an anonymous cryptocurrency critic, pointed out that “memecoins are an inefficient market activity.”
Andreessen Horowitz (a16z) Chief Technology Officer (CTO) Eddy Lazzarin also said through “Their perceptions are being distorted,” he criticized.
Meanwhile, Andrew Kang, co-founder of mechanism capital, a cryptocurrency investment company, said through predicted.
He said, "Memcoin is a type of asset, and people can allocate more money to entertainment expenses than investments and assets. Many people say that Memcoin is a zero-sum game, but this is wrong. The Memcoin market periodically has lows and highs. “This is the emergence of a new asset class,” he added.
