Big news in the world of cryptocurrency! Coinbase's boss, Brian Armstrong, said even Bitcoin, the biggest cryptocurrency, is a bit like a 'meme coin'. He means Bitcoin's value is partly because people believe in it, just like some funny internet coins.
- Meme coins are cryptocurrencies based on internet jokes or trends.
- A big meme coin called LIBRA crashed, losing lots of money.
- Many other meme coins lost value too.
- Mr. Armstrong says we should be careful but also open to meme coins.
| Thing | Number |
|---|---|
| Money lost in meme coins recently | $42 billion |
| Total meme coin value now | $67.4 billion |
