Galaxy Digital CEO Michael Novogratz has hailed memecoins as the “most powerful narratives out there” but others in the crypto industry are not so confident.
Galaxy Digital CEO Michael Novogratz has reiterated his support for memecoins, calling it a “cornerstone” of the cryptocurrency industry in a post on X.
Not everyone agrees though, with many still labeling them as just “silly casino chips.”
“So people are making fortunes and there are two ways to make fortunes in memecoin investing,” Novogratz said a video from Business Untitled which he posted on June 13, whdeclaring that they are the “most powerful narratives out there.”
