Meme Coins: Lottery or Investment?
Crypto News: 🌐
Former CTO Coinbase and Andreessen Horowitz patent attorney Balaji Srnivasan has sharply criticized the meme coin sector. He called meme coins a “negative-sum lottery,” where buyers and sellers trade with each other, but the platforms take a commission. 🎰
Baladji Srnivasan says meme coins do not increase in value. Every buy order is matched by a buy order. After the initial price increase, the price drops and the last buyers lose everything.
Srnivasan’s advice: 🌟 It is important to focus on assets that store value in the long term. Analysts have indicated that this is an interesting period in the process and have noted that they may change in US policy. 🏛️
