Memecoins
Meme Coins rub a lot of people “the wrong way”: Fundstrat strategist | Video
Meme coins are a hot topic, aren’t they? Because they rub a lot of different people the wrong way. You see a lot of crypto natives who perhaps take themselves too seriously. Memes are meant to be funny. You can’t look for a good reason. You know, there are serious things being built in this industry and we want to highlight them. We don’t want to see the only articles published by Bloomberg being about the dog in the hat. Um, but, you know, from a portfolio construction perspective, I look at it as out-of-the-money call options on hot money coming back into the fold. And I think, you know, traders have kind of gotten, uh, you know, we’ve had a pretty good sample at this point in each cycle, I mean, towards the end. And frankly, I think what’s just happened is we’ve had these exogenous flows from the ETF that have sort of driven a lot of this risk taking forward.