“I’m just as bullish on crypto as ever.” Brian Armstrong, the CEO of Coinbase said in an interview with Hanna Murphy from the Financial Times.
A bold claim, especially in light of the recent FTX implosion, where the centralised crypto exchange’s collapse wiped billions of dollars from the crypto market just like that. It has been one of the harshest crypto winters in a very long time.
In this article, I will be looking at why Brian Armstrong might be so bullish on Bitcoin (BTC) and looking at the new meme coin Big Eyes (BIG). Does it have what it takes to brave the winter? Let’s find out.
Brian Armstrong Bullish on Bitcoin, the Digital Gold
Bitcoin (BTC) has often been called ‘digital gold’, as it shares many characteristics with the rare metal. It is deflationary – there is a fixed supply of it, increasing its price over time. Bitcoin is also the most widely used cryptocurrency, and likewise, gold is the most widely used monetary metal. Armstrong was surprised that people did not see Bitcoin as something to double down on in this tumultuous market:
“I really thought that in a down market, in a high inflation environment, people might use Bitcoin more, like in the way you do with gold. I think it turns out we were a little bit early for that.”
Unfortunately, as of now, Bitcoin does not have the same rate of adoption as gold. This is likely due to gold’s long-established track record as a store of value, and also as it has a market cap 10 times larger than that of Bitcoin. However, Armstrong is still bullish on Bitcoin and reassures that in 5 or 10 years we will be seeing more adoption, especially in panicked times like these.
Armstrong is seeing things like a matador. As the market is filled with red, the bull is sure to come charging sooner or later.
Big Eyes: Braving the Bear?
Big Eyes (BIG) is a full-on community token, designed to give back to the community, and to charity. Can this cute cat take on the brutal bear market we are facing?
As the coin is still in pre-sale, Big Eyes exists outside of the crypto market, and just continues to build momentum. So far the pre-sale has raised over $10 million! Big Eyes is focused on giving back to the community, creating investors that are very loyal to the cause. 5% of all tokens are put in a visible charity wallet to be donated to ocean sanctuaries. People are not just investing in cryptocurrencies with Big Eyes, but also in saving our oceans.
Also, Big Eyes is big on DeFi, one of its key aims to direct more wealth into the DeFi ecosystem. To purchase Big Eyes you need to load Ethereum (ETH) on a cold wallet, bypassing any risks of fund inaccessibility on centralised exchanges. DeFi completely bypasses black swan events like the FTX collapse, as it operates on a trustless system, cutting out the middleman. This is because DeFi uses the code in smart contracts to ensure a valid transaction. Big Eyes has plans to launch on Uniswap and to release various tutorial videos on DeFi, to make the process for newcomers to the space as easy as possible. With Big Eyes, you will not have to worry about your hard-earned money getting wiped out due to an exchange collapse.
Final Thoughts
Bitcoin (BTC) will always have its place in the crypto market. But so will meme coins. Many will come and go, but it is very likely Big Eyes (BIG) will stay. With a solid community behind it and a philanthropic philosophy, Big Eyes will no doubt be able to brave the bear market when it does launch and ride the next bull market to the top.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
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