TechFlow News — Bitwise CEO Hunter Horsley posted on X stating that meme coins are essentially tokenized cultural collectibles, similar to autographed baseballs, band merchandise, branded hats, or limited-edition gold coins. Meme coins have created a globally liquid market through tokenization. While different from Bitcoin and traditional crypto assets, they are here to stay in the long term.
Previously, Dave Portnoy, founder of Barstool Sports, said that despite having an opportunity to cash out $6 million worth of jailstool, he chose to hold instead, emphasizing that his participation wasn't for profit. "To me, that's why jailstool works. I have a massive audience. People trust me. I don't lie. I could've cashed out $6 million, but I didn't. I'm not doing this to make money. I didn't start this. I can't control it beyond what I bought."
