Bitcoin hits new ATH! Politicoins part 2, I'm choosing rich | TS-008
Plus: GoFundMe to get $WIF on Sphere, Memecoin Supercycle
Gm to all Bullas, BTC hit an ATH and it’s time for another top six stories in crypto.
🐂🚀
TOP SIX STORIES IN CRYPTO
BTC hits new ATH of 72K USD
Politicoins part 2: $Boden vs $Tremp
Choose Rich: the meme turned memecoin
GoFundMe to get WIF on the Las Vegas Sphere
Are we in a Memecoin Supercycle?
Every person that’s bought BTC is in profit
1. BTC hits new ATH of 72K USD
SEVENTY TWO THOUSAND US DOLLARS. A new all time high for bitcoin.
This is when the fun really starts. If you made it through the second longest bull market ever… congratulations.
We are officially out of it. The bull is back. We are officially BACK.
PUMP IT!
2. Politicoins part 2: $Boden vs $Tremp
Last week, I wrote about $MAGA- a memecoin on ETH that rallied whenever trump was in the news (but especially if Trump was winning in the news). In the week since, a new brand of politicoins (political coins) have taken Solana by storm - they’re a “redacted” version of the respective politician. $BODEN and $TREMP.
These appear to be the 2 winners that will represent each political candidates success in the coming race - alongside MAGA on ETH.
I wrote an essay about this phenomenon - betting on the election results in the global casino check it out on Twitter or read it below. And mint it on Zora here.
3. Choose Rich: meme turned memecoin
It started with a tweet - a few crypto bros on a yacht.
This tweet got 32M views. It went viral, everywhere. The dunks in the quote tweet were phenomenal (and mean) - a sample few below
Being the crafty marketer he is, Nick doubled down and posted a video of him walking inside “his” mansion (it was an airbnb). The AirBNB had a sign that read “I choose Rich Everytime” - this too went viral.
and we were off to the races. The dunks continued, so did Nick’s act. Some, even in the crypto space, wondered if it was a troll or not (it was). A memecoin launched.
But in all of this, “Choose Rich” became a mantra on Crypto Twitter. A mindset even. Thousands of tweets are signed with that phrase. I find myself thinking “choose rich” more and more. The best memes start out as ironic, and eventually become real. Bored Ape Yacht Club’s original lore was set in 2030, where a group of crypto investors got so rich they didn’t have to work anymore. They all retired and were bored on their yachts. Bored Ape Yacht Club.
Names are powerful. Names seems to have a self-fulfilling prophecy. Choose Rich as a mantra, and the coin itself seem to have that power. In just a few days, it’s become a calling cry for thousands of Crypto Twitter inhabitants that survived the second longest bear market ever - and they’re about to reap the rewards.
They are choosing rich, every time.
4. GoFundMe to get WIF on the Las Vegas Sphere
DogWifHat ($WIF) continues to surge. It’s sitting at a 2 BILLION marketcap, and in the latest stunt, Ansem (goat trader) has created a GoFundMe to get $WIF on the Las Vegas Sphere.
While it costs $450K USD to get on the Sphere for 1 day, it costs $650K USD to get on for a week. So naturally, they’re going for the week - it only makes sense to.
In just a few days, we’re already half-way to the goal…
Y’all… they really gonna put the dog wif hat on the sphere.
It’s memecoin mania - join the ride or cope and seethe on side.
5. Are we in a Memecoin Supercycle?
With all the memecoins currently running to newer and newer highs, it feels like what many are calling the “memecoin supercycle” - as in, memecoins are going to run hard and outpace most other assets. Why is this? Aren’t they just vaporware?
Well, yes they are, but there’s also something else going on under the hood. Memecoins are about culture, about internet native memes (read: ideas), that the crypto asset captures and allows for you to trade. Effectively, with memecoins, you’re trading attention and cultural relevance. Love what $MOG is about (effortless winning)?, you can trade it. Want to be rich this cycle? Then you should Choose Rich (figuratively, but you can also literally "choose rich” - as in the memecoin).
Let’s try another way - when you listen to an artist, and something just tells you you found them early, and that they’ll be a “superstar”, memecoins are no different. It’s all feeling based and its an internet native way to bet on what will become culture on the internet. and culture has tremendous value - it’s just now we can actually see the value of it trade in real time.
Bullish on culture.
6. Every person that’s bought BTC is in profit
That’s it. That’s the story. Welcome to the fucking bull ladies and gentleman.
Let’s go higher next week.
- atareh out