Joe McCann on Why Bitcoin Is the King and Memecoins Are Over—For Now


Joe McCann of Asymmetric explains why he believes the current memecoin trade is over, Pump.fun is not extractive, and altcoins have no chance against bitcoin.

Posted March 18, 2025 at 12:00 pm EST.

Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.

The memecoin trade might be over. And Joe McCann says that’s just the beginning.

The founder of Asymmetric has been at the intersection of crypto, macro, and tech for years. He called the $BONK trade early, made moves before most saw the opportunity, and now? He’s shifting his focus.

Meanwhile, the crypto markets are a bloodbath, with bitcoin, ether, and solana down 10%, 41%, and 35%, respectively, year-to-date.

In this episode, Joe joins Unchained to discuss:

  • Why memecoins won’t work the way they used to
  • How institutions are approaching crypto in this cycle
  • Why prices are down so much
  • Why Bitcoin might be so hard to outperform
  • Whether Solana is still the fastest horse

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