Memecoins Thrived Under SEC’s ‘Oppressive Regime,’ Crypto Analyst Says

A meme coin analyst said that the increasing attention to memecoins is driven by money supply, contrary to some belief that it is due to politics.

A reaction to a speculation circulating in social media that if a Republican wins the White House, it will be the end of meme coins.

Politics Not The Reason

Murad, a meme coin expert, suggested that politics could not be the primary reason why meme coins are on the rise.

The analyst explained that the said cryptocurrency does not care about “political winds” or the US Securities and Exchange Commission (SEC), adding, “99% of meme coin buyers couldn’t care less about politics.”

It is a stance that contradicts Nic Carter, a known Bitcoiner, who opined that hype and frenzy on memecoins is the result of an “oppressive SEC regime”.

– Memecoins = in large part reaction to oppressive SEC regime – if SEC finds sanity, less desire / need to trade memecoins

QED, trumpwin bearish memecoins https://t.co/l3CmArstsh

— nic carter (@nic__carter) October 27, 2024

Money Supply Is The Driver

Murad argued that in his opinion, the rising global money supply is the main driver of cryptocurrency’s popularity, saying that the flourishing money supply indicates that there is a lot of money floating around, which investors can use to buy memecoins and other high-risk assets.

99% of Memecoin buyers couldn’t care less about Politics

There are secular socio-economic forces at play that are much bigger than a single election

The rise of Memecoins has more do to with the persistently rising Global Money Supply.

Will that stop under Trump? Nope.…

— Murad Read More