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Add as a preferred source on GoogleMahmudov Says a Memecoin Could Surpass Bitcoin’s Market Cap
He linked that possibility to community backing and holders staying invested over the long term.
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Murad Mahmudov said a memecoin could eventually overtake Bitcoin (BTC) in market capitalization, tying the possibility to community support and holders who remain invested over the long term.
At TOKEN2049 Singapore on Oct. 16, Mahmudov called this idea the Fat Movement Thesis. He said successful memecoins could grow into movements supported by dedicated holders.
On Tuesday, Oct. 20, Mahmudov separately said the broader crypto market had not yet entered a bull cycle. He gave no date, price level or market indicator for when that cycle would begin in his comments, a point covered in his earlier discussion of the bull cycle.