The debate over whether Bitcoin is a meme coin has ignited following statements from the CEO of Coinbase and reactions on platform X.
Coinbase CEO's Statement on Bitcoin
Coinbase CEO Brian Armstrong referred to Bitcoin as somewhat of a meme coin. However, a philosophy professor's article previously described Bitcoin as the oldest and most secure cryptocurrency, lacking a CEO, board, or foundation. Armstrong criticized meme coins for going too far.
Dogecoin Team's Reaction
The Dogecoin team challenged this view, pointing out that in 2020, Bitcoin supporters added 'laser eyes' to their Twitter avatars in anticipation of the price reaching $100,000 post-April halving. Bitcoin hit $69,000 in late 2021 instead.
Current Bitcoin Situation
Currently, Bitcoin is trading at $97,820, illustrating a 1% increase since Thursday and a 4.17% rise since the start of the week.
The debate over Bitcoin's status continues, drawing mixed responses from the cryptocurrency community.
