Elon Musk may be known as one of Dogecoin fans, Same named his government ministry after the same after the same. But he doesn’t think everyone should spend a lot of money on them.
The subject of the same – cryptocurrencies based on Viral memesTrends and references of pop culture – appeared during an interview on Friday with the podcaster Joe Rogan. During an exchange, the two men compared the purchase of the tokens to the game in a casino, Rogan expressing the disbelief that even is “always legal”.
“It’s so many bananas that people throw real money in these rooms and then you can simply pump them and sell them,” said Rogan on the Podcast Joe Rogan ExperienceWith Musk comparing the purchase and sale of mecoins to play musical chairs.
“If you expect to win in the same, you are stupid. You are not going to win in the same, ”said Musk. “If you want to have fun, then play with even … don’t bet on the farm on a same.”
MEENES are generally designed To capitalize on social media trends, are often Just hundred Or fractions of a hundred and tend to be very volatile. Often, such cryptocurrencies are used by their creators to quickly earn money through what is called a “pump and discharge” scheme, where prices are artificially swollen before major sales that leave late investors at a loss.
In recent months, several same has gained short -term popularity, to crash shortly after. A popular type of same is the Celebrity samewhich tends to give initiates a small budget and leave foreigners holding the bag.
The influencer Haliey Welch launched a play “Hawk Tuah”, named after her own viral, in December. The room reached An assessment of $ 490 million before falling quickly to $ 29.1 million. Friday, Hawk Tuah Coin has a $ 15,000 CAP-CAPPORT.
More recently, President Donald Trump and First Lady Melania Trump spear $ Trump and $ Melania, Argentinian president Javier Millei supported $ Libra and President of the Africa Republic of Africa Faustin-Archange Touadéra Make his debut $ Car. The value of each sang in the past month, leading some in the crypto industry to announce The end of the “boom same”.
“People are shocked that someone has pumped and thrown,” said Rogan, making fun of people who try to enjoy the same but fail to achieve a profit. “It’s just weird that it is still legal.”
Securities and Exchange Commission Thursday said That most of the mechanics “are similar to collectibles” and are not considered to be titles. Consequently, neither the same buyers nor the holders are protected by the federal laws on securities. However, the agency said that it would always examine the products which, according to it, could be poorly labeled as the same to avoid the regulations “by disguising a product which would otherwise constitute security”.