Lies, Damned Lies and The Memecoin Supercycle

Murad's Token2049 presentation argued that a Memecoin Supercycle is coming, and Raoul Pal called it exceptional. The author counters that memecoin outperformance reflects volatility and the large number of memecoins, not a sign that tech tokens are failing. The author argues that speculation dominates crypto pricing because few tokens have predictable revenue, and that the presentation's tone pushes readers toward betting on memecoins. The author concludes that the real trend is people being pushed from stable jobs into speculative income, with infrastructure builders profiting from that shift.