Coinbase CEO’s Hot Take: Bitcoin Is Basically A ‘Meme Coin’

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The Power Of Collective Belief Like meme currencies, Armstrong pointed out that the value of Bitcoin is essentially derived from popular or collective belief.

Arguably, they’ve been with us since the beginning –… — Brian Armstrong (@brian_armstrong) February 19, 2025 For example, Dogecoin, which originated as a joke, experienced a price increase of over 15,000% in 2021 as a result of social media publicity and endorsements from prominent figures such as Elon Musk.

He also likened Bitcoin to the US dollar, noting that although the dollar’s value has persisted mostly due to mass acceptance and faith in its purchasing power, and it is not connected to the gold standard.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaNorth KoreaSouth KoreaPhilippines

Topics: Meme coins Bitcoin Gold Altcoins Coinbase Crypto Memecoins Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-21 @ 21:00:16 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 75 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26324680

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