The official X account of Dogecoin has published a tweet debating an article that claims Bitcoin is not a meme coin.
Bitcoin is “somewhat a meme coin”, per Coinbase CEO
The article was published by the Bitcoin Policy Institute X account and authored by an Assistant Professor of Philosophy at Northern Illinois University, who is currently writing an academic book about Bitcoin, the world’s largest cryptocurrency.
The article categorizes various types of blockchain technologies and their associated cryptocurrencies—Layer 1, Layer 2 chains, XRP, DeFi, memecoins, etc. It places Bitcoin apart from these, describing it as “the oldest, most secure, and most trustworthy, serving as a safe haven asset for cryptocurrency investors.” The author also notes that Bitcoin operates without a CEO, board, or foundation.
Following this, Coinbase CEO Brian Armstrong tweeted that Bitcoin “is somewhat of a meme coin”, criticizing meme coins for exceeding their intended boundaries.
In the article, the author defines meme coins as monetized memes, suggesting that most have “profit-seeking founders” and emerge as tokens on Layer 1s like Solana or on Layer 2s like Base (Coinbase’s Ethereum-based layer).
Dogecoin Team Disagrees with Bitcoin’s Meme Status
The Dogecoin team on X responded to Armstrong’s statement, challenging the assertion that Bitcoin is not a meme coin. They referenced Bitcoin supporters who had “laser eyes” in their Twitter avatars back in 2020, anticipating Bitcoin would reach a price of $100,000 after the April halving.
While that surge didn’t materialize until late 2021, when Bitcoin peaked at $69,000, the Dogecoin tweet suggested: “not a memecoin”… listen.. lean-in guys, you have that whole laser-eyes thing… search your feelings you know it be true. Dogecoin, launched in 2013 and derived from the Bitcoin code, is recognized as the original meme cryptocurrency.
> “not a memecoin”🙄 listen.. lean-in guys, you have that whole laser-eyes thing going on.. search your feelings you know it be true. 🤣 https://t.co/qsApoMsDWT pic.twitter.com/JtYh7umjAy
> — Dogecoin (@dogecoin) February 20, 2025
Currently, Bitcoin is trading at $97,820, having risen roughly 1% since Thursday and increased by 4.17% from $93,890 earlier this week.
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