How Bitcoin Prepared Us for the Memecoin Era | Murad Mahmudov
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However, there are many things, which Bitcoin and Meme Coins share, at least the best ones, and that is their extreme cultiness. Right? Their extreme almost like a neo religious type zeal that their holders embody. And from that particular perspective, there are a ton of similarities. Hey,
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for having me, Michael. Yeah.
I'm, I'm really excited to talk to you, man. I, I know most of these most of the the time today, you, you're very focused on meme coins, and that's probably how most people on crypto Twitter know you. But we were actually just catching up a little bit. I actually we we bumped into each other, albeit very briefly, back in 2018 or 2019, actually, when you recorded an episode, one of the very first episode of Anthony Pompliano's podcast, on Bitcoin. And so I always knew you as this very Bitcoin centric, Bitcoin first kind of guy, and I'll we'll link it in the show notes, but I still think that's
Yeah. For sure. So my name is Murad. I'm originally from Azerbaijan. Went to school in the United States, studied finance and Chinese, did a year abroad in China, and that was 2013. So, like, that was, like, during that bubble, a few years before the 2017 bubble. Mhmm. And I was really lucky to be kind of in the right place at the right time. Met employee number 5 at what was then called Okcoin. It it's now OKX. And that that was an American guy. So, we were kind of, like, in foreigner circles in Beijing, and I was just kind of lucky to kind of be exposed to the ecosystem early on. Only bought
Nice. Very cool, man. Well, I I want to, you know, maybe rewind the clock back to 2019 and get your perspective. Because, you know, at that time, I I kinda listened in on this hour and a half episode that you did with Pompe. You're talking about Bitcoin, and you kind of represented what at the time, I'm not sure people were calling it this, but kind of this very Bitcoin maximalist viewpoint where, you know, Bitcoin had these very attractive monetary properties. You are kind of not super excited about or bullish on other altcoins. And, actually, you were so bullish on Bitcoin. I went back and l
Yeah. So literally nothing has changed about my view since then. Mhmm. I stand by every single statement that was made during that podcast. And my target is still the same, 200,000,000,000,000 in in today's dollars. I think that's totally reasonable. The logic is simple. I believe the global money supply kind of, like, measured in today's dollars is like a 100, a 105,000,000,000,000. Mhmm. And that's kind of with this inflationary money, which is a subpar product for what it does. So if you actually have a deflationary money, call it a 2 x improvement in in in product market fit, you can easil
You know, I think a lot of the arguments that you referenced during that podcast, you know, you were talking about m two creation and, you know, you were kind of confined to the 2019 statistics where, you know, we increased the m two money supply by 6%. And, you know, little did y
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