Excellent article, it worries me that most people hear about those memecoins and laugh about it, thinking only of those MAGA folks that bought into them losing their money.

Institutions and pension funds all over the world have always been heavily invested in American stocks and lately have also “diversified” with crypto, god forbid they let one investment avenue unfollowed for once. But this is just the beginning of the fuckeries. Long term we might be fine, but being collectively 10% poorer even if only in the next 5-10 years, is a disaster. It doesn’t matter if you don’t personally invest in this scams.