Benzinga – by Ivan Crnogatić, Benzinga Editor.
I’m Ivan and welcome to my weekly column Mad Crypto Alpha.
Some people want to build the “future of finance,” but I just want to help you make money in crypto.
Each Sunday, you get weekly insights the news does not cover but you need to know about.
So you’re not just entertained by crypto but get the alpha behind the story.
In this week’s issue:
- Why do VCs hate meme coins?
- Is no one left to buy our meme coin bags?
- Memecoin Supercycle: It’s so over or we’re so back?
Why Do VCs Hate Meme Coins?
Bitcoin
Every time that happens, Crypto Twitter turns into “The Jerry Springer Show.” This week’s topic: crypto VCs hatin’ on meme coins.
Exhibit A: Jack Niewold, angel investor.
HOT TAKE #2: Memecoins are horrible for the crypto industry.
While memecoins make it harder to dump on small retail investors, they delegitimize the industry in general.
A huge cohort of crypto investors (including me) are here for one reason: DeFi.
To the average retail…
— Jack Niewold
