Bitwise director discusses impact of meme coin decline on digital currency market
Matt Hougan, the investment manager at Bitwise Asset Management, believes the current decline in the digital currency market signals the end of the meme coin era. Despite Bitcoin (BTC) dropping to a three-month low and dipping below $90,000, Hougan remains optimistic about the future of this primary digital asset but not so much for meme coins. He predicts that the meme coin frenzy, exemplified earlier this year by coins like Trump (TRUMP) and Melania (MELANIA), will come to an end in the next six months.
