Bitcoin Is Meme Coin? Coinbase CEO Clears Air

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Coinspeaker
Bitcoin Is Meme Coin? Coinbase CEO Clears Air
Coinbase CEO Brian Armstrong recently defended the meme coin sector stating that even Bitcoin

BTC
$97 290

24h volatility:
1.1%

Market cap:
$1.93 T

Vol. 24h:
$20.96 B

is “somewhat a meme coin” as the sector faces intense scrutiny following the collapse of the LIBRA token.
LIBRA token’s $4 billion pump-and-dump scheme has triggered a broader market downturn. As per the data by CoinMarketCap, the overall meme coin market wiped out $42 billion from its market cap in the last 30 days.
Critics argue that the LIBRA scandal is the final nail in the coffin for meme coins, with notable figures like Nic Carter declaring that the sector is “unquestionably over”

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