Andrew Kang: Meme coins are not a zero-sum game, but a new asset class
Andrew Kang, co-founder and partner of the encryption risk investment company Mechanism Capital, wrote that many people compare meme coins to lottery tickets, but meme coins are assets, and the market size may be 100 times larger than the gambling industry. Some also view meme coins as a zero-sum game, which is incorrect. The market will continue to create higher highs and higher lows in various cycles. Over the next decade, the total market value of meme coins will increase. This marks the emergence of a new asset class.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?
US Bitcoin ETF assets break $100 billion
Bitcoin is about to break 100,000 dollars, while altcoins are underwhelming
Market liquidity shows a trend of centralization, and the sentiment for crypto compliance still needs to be realized.
TikTok Meme is here: After spending a night watching videos, my account lost 50%
Can TikTok serve as a traffic hub to attract a large number of Web2 users into Web3?