The chief investment officer at a digital asset investment firm, Jeff Dorman, believes that the popularity of memecoins in the cryptocurrency sector may collapse once tokens tied to real-world assets start being issued widely. He explains that if companies, universities, municipalities, and sports teams start issuing tokens, it will become clear that these tokens have value and utility. Dorman outlines various potential uses for these tokens, such as using a token for tuition payment, participating in the growth of a school through revenues from sporting events, or receiving discounts and benefits from entities like NYC, Disney, and Amazon. He suggests that these tokens could replace traditional investment options and provide customers with loyalty rewards.
Content Editor ( dailyhodl.com )
- 2025-02-05
Here’s When It’ll Be Time to Short Memecoins, According to Arca CIO Jeff Dorman
