Coinbase's CEO, Brian Armstrong, compared Bitcoin to a 'meme coin'! This surprised many people. It means Bitcoin's value comes from what people believe, not from something it's made of. Just like the US dollar, its worth is based on trust.
- Bitcoin's value depends on people believing in it.
- Meme coins like Dogecoin and Shiba Inu also got popular because of people's hype.
- Even though it's compared to a meme coin, Bitcoin remains a top cryptocurrency.
| Fact | Number |
|---|---|
| Dogecoin's price increase in 2021 | Over 15,000% |
| Shiba Inu's highest market value | Around $40 billion |
| Bitcoin's total supply | 21 million |
