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PEPE's Coronation
Balaji Settles His Bet, CashApp's Payday, $PEPE Pops Off
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Time’s Up for Balaji. Remember when Balaji Srinivasan, former CTO of Coinbase and the dean of Thinkboi University, placed a bet that Bitcoin would hit $1M within 90 days? This week, your man lost his bags and distributed the $1M bounty onchain. He is using this expensive moment to sound the alarm that the Feds are lying to us about the soundness of fiat currency. Balaji said that the feds are creating an illusion of tight monetary policy, all the while they are printing trillions. Just think of it like the ‘Got Milk’ campaign for hyperinflation awareness.
CashApp’s Payday. Speaking of Bitcoin, the bearded billionaire known as Jack Dorsey pocketed some cool cash this past quarter from the sale of Bitcoin on CashApp, according to a very slickly designed shareholder letter. $2.16B of Bitcoin was sold through the mobile app in Q1 2023, booking a $50M gross profit - a figure that is up 16% from Q1 2022. Speaking of Jack, he also spoke out on Bluesky about the failures of centralized social media this past week - shout out to Boys Club member Jackie B for asking the hot q.
MemeCoin Coded. Capitalism really popped off this week with $PEPE, a meme token launched 17 days ago which grew from a $5M market cap to $1B. Congrats to all the new millionaires. It’s currently the 43rd largest token by market cap and making us all reconsider the meaning of money. Looking for other ways to pull in some quick cash? Become an SEC whistleblower.
💸 We love to see it pt 1. Congrats to Givepact for being featured in Coindesk’s piece on how to use crypto for good.
🎵 We love to see it pt 2. Check out aWkquarian’s playlist on Sound, “Sad Girl Era.”
📈 We love to see if pt 3. Seed Club’s new Consumer Crypto Accelerator.
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