![](\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjA5NjU2NTkzNTYwNjQzMDAy\/screenshot-2024-09-30-at-11422pm.png\")
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For the uninitiated, Murad is a Bitcoin maximalist<\/a>, albeit one who has run the ire of the culture for taboo ideas: see his 2021-2022 embrace of wrapped Bitcoin assets on other blockchains, and most recently, his incessant writing about a \u201cmemecoin supercycle.\u201d <\/p>\n It\u2019s a far cry from his posts circa 2018, when could be seen on \u201cThe Pomp Podcast,\u201d saying things like<\/a> \u201cBitcoin is the soundest hardest currency that has ever been invented in history.\u201d<\/p>\n So, how did he get from that admission to advocating for a portfolio of PEPE and GIGA, his most recent mantra that you should \u201cinvest in cults?\u201d<\/p>\n From here on out, the Crypto Markets will be increasingly dominated by Memecoin Bubbles until the eventual Bitcoin Standard.<\/p>\n It really is that simple.<\/p>\n — Murad \ud83d\udcb9\ud83e\uddf2 (@MustStopMurad) July 9, 2024<\/a><\/p><\/blockquote>\n Well, it starts with the post above, one of a few that\u2019s got me thinking Murad is on to something.<\/p>\n To be clear, what we\u2019re talking about here is a complete disregard for the idea that a belief in Bitcoin as a currency requires one to have some kind of moral duty. While this has been made fashionable of late, advocated by the likes of Michael Saylor and Jimmy Song, I\u2019ve never seen a compelling argument that Bitcoin maximalism requires you to forsake financial speculation.<\/p>\n It\u2019s quite simply a moral choice, extrinsic to the technology, and one everyone is free to make for themselves. Yes, it\u2019s bad to scam people. No, no one can stop you but you.\u00a0<\/p>\n To this effect, Murad appears to be signaling that in this next cycle he intends to profit from the general collapse<\/a> in confidence ongoing in altcoin land, and is merely going against the grain. <\/p>\n Putting aside the moral issue, there\u2019s a lot to like about Murad\u2019s thesis. I\u2019d go so far as to argue, most Bitcoin maximalists would agree with most of it.\u00a0<\/p>\n Essentially, he\u2019s betting on two concurrent trends that really cut to the heart of the movement: <\/p>\n All this is to say, is it really so hard to believe that in between these two truths will lie a messy period of complete crypto degeneracy?<\/p>\n IMO, you don\u2019t need to speculate on this to think it\u2019s hilarious.\u00a0<\/p>\n Expect Murad to become more relevant as this thesis plays out.<\/p>\n\n
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