The Memecoin Supercycle Thesis Is Bitcoin Aligned
Yes, hyperbitcoinization is happening. Yes, there will be a messy period of complete crypto degeneracy before that.
Murad Mahmudov is back igniting our X timelines, but you may have noticed these days the “former” Bitcoin maximalist isn’t posting much about Bitcoin.
For the uninitiated, Murad is a Bitcoin maximalist, albeit one who has run the ire of the culture for taboo ideas: see his 2021-2022 embrace of wrapped Bitcoin assets on other blockchains, and most recently, his incessant writing about a “memecoin supercycle.”
It’s a far cry from his posts circa 2018, when could be seen on “The Pomp Podcast,” saying things like “Bitcoin is the soundest hardest currency that has ever been invented in history.”
So, how did he get from that admission to advocating for a portfolio of PEPE and GIGA, his most recent mantra that you should “invest in cults?”
From here on out, the Crypto Markets will be increasingly dominated by Memecoin Bubbles until the eventual Bitcoin Standard.
It really is that simple.— Murad
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