Can Investing in Meme Coins Yield Generational Wealth?
In the discourse among cryptocurrency investors right now, one ever-present narrative is that investing in meme coins like Dogwifhat, (CRYPTO: WIF) Dogecoin, (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) can confer such high returns that it offers a higher chance of making "generational wealth" than traditional investments like stocks. In their parlance, generational wealth is roughly what one would expect -- a sum of wealth that's sufficient for investors to retire on their earnings and pass on a similarly cushy situation to their progeny.
Are the meme coin boosters onto something? Could it really be possible to make oodles of money from buying some of the riskiest and most speculative financial instruments that exist? Answering the question is a bit more complicated than a simple yes or no, so let's unpack the relevant issues in detail.
Let's get one thing out of the way to start. Mathematically, it is indeed possible for small investments in cryptocurrency to deliver absurdly high returns, the likes of which are vastly beyond all but the most successful of equity investments. For instance, if you'd bought $1,000 of Dogecoin five years ago, you'd now have close to $63,000, so you can imagine how much cash you'd have with a larger investment.
Source Fool.com
