An interesting development took place in the cryptocurrency world after the public statements of Vitalik Buterin, the founder of Ethereum. Buterin made his statements in his previous article stating that a meme coin named BITCOIN (HarryPotterObamaSonic10Inu) is a scam trying to imitate the real Bitcoin. correction he felt the need.
Following this correction, there was a significant price increase in the cryptocurrency market. BITCOIN (HarryPotterObamaSonic10Inu) has performed remarkably, experiencing a dramatic rise of almost 50%.
Buterin criticized the meme coin in his initial review, prompting a crypto enthusiast to reach out to him and explain the true nature of Bitcoin. This enthusiast argued that the meme coin called BITCOIN is not a scam but a legitimate entity with its own dedicated community. The meme coin, which was initially seen in a negative light, was re-evaluated by Buterin with these statements and began to be accepted as a real crypto asset.
Fixed! pic.twitter.com/zMCmhYNRMf
— vitalik.eth (@VitalikButerin) February 2, 2024
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Beyond these discussions, voices from within the meme coin community have emphasized that BITCOIN is not a scam, but rather an asset that stands out for their particular dedication and support of community projects. In particular, the BITCOIN community’s contributions to philanthropic projects such as building wells in Nigeria and providing uniforms and equipment to children’s football teams have shown that cryptocurrencies are not only a financial asset, but can also be effective in the field of social responsibility.
In summary, the efforts of the meme coin community caught Buterin’s attention and prompted him to re-evaluate his stance. In a subsequent post, Buterin not only corrected his previous comments but also issued a formal apology for any confusion that arose.
What is meme coin BITCOIN?
BITCOIN First hit the crypto scene in May 2023.
Despite its long name, the meme coin aims to democratize full-fledged BITCOIN ownership, making it accessible to individuals at a time when the original Bitcoin price is deterrently high for the average person.
The resilience of the BITCOIN community and Buterin’s public comeback have undoubtedly fueled the remarkable rise in the meme coin’s price.
You can follow the current price movement here.