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Simon Profile picture
Simon
@sjdedic
CEO & Partner @MoonrockCapital
Oct 12, 2024 • 7 tweets • 4 min read
Ok, it seems that not only did this tweet hit a nerve with a lot of people, but the opinions in the comments couldn’t be more divided.

The fact that my opinion is so polarizing, and how fragmented the crypto community as a whole seems, says a lot about the state of the market.

Let me clarify a few points to hopefully raise the discussion to a higher level 🧵Image 1. “You’re just coping because you’re sidelined.”

A lot of comments claim I’m coping because I’m not participating.

Ironically, that’s not true.

As a prop VC that is running a hybrid venture / liquid strategy, we’re very flexible, and we actually hold memecoins like $MOTHER, $WIF, and others. Those are profitable and we still hold them, as we think they have more room to grow.

But that doesn’t change the fact that, in my opinion, memecoins are the worst thing for the space. More on that below.