#2265 - Kurt Metzger

Bearish:

• $MEME - Meme coins are viewed as pump-and-dump schemes lacking fundamental value, with extreme volatility and potential for manipulation. The speakers suggest these coins are created primarily for quick profits rather than long-term value.

  • “So the trick is it almost everybody getting in on it knows they're gonna have to dump it, and they think they're gonna dump it first. So they're not the pump is for other idiots.”

    Joe·6:58

  • “You can make a coin. And if you're the president, you can make a coin. You make $36,000,000,000 off that coin in a in a day or two, Or it's worth or it was and it went up and down.”

    Kurt·1:37:15
• $CRYPTO - The speakers highlight significant liquidity issues in cryptocurrencies, especially for large holders, and criticize how crypto projects use coin launches as fundraising mechanisms without providing true equity.

  • “That's where it gets real tough because he can't cash out. Right. If he cashed out, it would fall apart.”

    Joe·1:37:23

  • “That I mean, not for that, but, essentially, that's what the projects are supposed to be for. They're they're launching a coin almost as a fundraiser, as a new way to be like a a stock. But it's just not it's not a stock.”

    Joe·1:38:06
• $PHARMA - The speaker suggests pharmaceutical companies prioritize ongoing treatments over cures for profitability, implying potential ethical concerns in the industry's business model.

  • “You make treatments. You don't wanna make cures. Yeah. Right. They openly discuss not wanting to have cures.”

    Kurt·42:02