Could meme stocks like GameStop kill bitcoin’s rise?
https://techcrunch.com/2021/01/27/could-meme-stocks-like-gamestop-kill-bitcoins-rise/
Cryptocurrencies, more so than most other things, are only valuable because of a shared agreement that they are valuable. Their value is a product of digital handshakes over millions of transactions firming up that consensus. For bitcoin, the trust that it has worth has turned more valuable in the past several months; it’s been on a tear.
The (very bizarre) question is whether a new avenue of applying blind trust by brigading trashcan-level stocks and turning them into memes could threaten the appeal of cryptocurrencies for retail investors.