On February 10, Bitwise CEO Hunter Horsley posted on X: “Meme coins will exist for a long time. They are not Bitcoin.
So what are they? As an analogy, what is a signed baseball? What is the merchandise of your favorite band? What is your “Harvard” brand hat? What is a limited edition gold coin? They are culturally rich collectibles.
As far as Meme coins are concerned: they are tokenized, creating a liquid global market. It is not Bitcoin or a crypto asset, but something else. And it will exist for a long time.”
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