The official X account of Dogecoin has printed a tweet debating an article which states that Bitcoin shouldn’t be a meme coin.
Bitcoin is “considerably of meme coin”, per Coinbase CEO
The article was printed by the Bitcoin Coverage Institute X deal with and was written by an Assistant Professor of Philosophy at Northern Illinois College who’s at the moment engaged on a tutorial e book on the world’s largest cryptocurrency.
The article has catalogued several types of blockchains and their cryptos – Layer 1, Layer 2 chains, XRP, DeFi, memecoins, and so on. Bitcoin stands as a separate form on this article and the writer refers to it as “the oldest, most safe, and most reliable, serving as a secure haven asset amongst those that put money into cryptocurrencies.” In addition to, the article reminds readers that Bitcoin has “no CEO, no board, and no basis.”
This tweet got here out after Coinbase CEO Brian Armstrong tweeted that Bitcoin “is considerably of a meme coin.” On the identical time, he poured criticism over meme cash, saying that they’ve gone too far.
Within the aforementioned article, the writer outlined meme cash as memes which can be monetized. He claimed that almost all of meme cash have “profit-seeking founders” they usually “seem as tokens on Layer 1s like Solana or Layer 2s resembling Base (the Coinbase Layer 2 constructed on Ethereum).”
Dogecoin crew disagrees BTC shouldn’t be meme coin
The Dogecoin crew on the X platform reacted to that X submit, difficult that specific view of Bitcoin. Dogecoin appealed to the truth that Bitcoiners had “laser eyes” on their Twitter avatars in 2020, ready for BTC to skyrocket to $100,000 after the April halving.
It did surge however in 2021 and went solely as excessive as $69,000 within the late fall that 12 months. The tweet said: “not a memecoin”… hear.. lean-in guys, you may have that complete laser-eyes factor happening.. search your emotions you understand or not it’s true.” Dogecoin is the unique meme cryptocurrency based mostly on the Bitcoin code and launched in 2013.
“not a memecoin”🙄 hear.. lean-in guys, you may have that complete laser-eyes factor happening.. search your emotions you understand or not it’s true. 🤣 https://t.co/qsApoMsDWT pic.twitter.com/JtYh7umjAy
— Dogecoin (@dogecoin) February 20, 2025
Presently, Bitcoin is altering fingers at $97,820 after going up by roughly 1% since Thursday and having elevated by 4.17% (hovering from the $93,890 value degree) since Tuesday this week.
