The article discusses the shift in views and investment strategies of Bitcoin maximalist Murad Mahmudov. Previously known for his strong belief in Bitcoin as the leading cryptocurrency, Mahmudov has recently embraced wrapped Bitcoin assets on other blockchains and has been promoting the idea of a "memecoin supercycle." While some criticize his departure from traditional Bitcoin maximalism, the article argues that Mahmudov's approach is a personal choice and that he intends to profit from the collapse of confidence in alternative cryptocurrencies. The article also highlights two key trends in the cryptocurrency movement that Mahmudov's thesis aligns with. It concludes by suggesting that Mahmudov's relevance will likely increase as his thesis unfolds.
- Content Editor ( bitcoinmagazine.com )
- 2024-10-10
The Memecoin Supercycle Thesis Is Bitcoin Aligned