Venture Capitalists and Hedge Funds Are Buying Meme Coins Like Shiba Inu and Dogwifhat. Should You?
Cryptocurrency meme coins like Shiba Inu (CRYPTO: SHIB) do not have a reputation for being the type of investment that serious institutional investors at banks and hedge funds would be interested in. It's obvious that the tokens are too useless, too speculative, too volatile, too inscrutable, and too unpredictable to be usable in any kind of complex financial strategy -- right?
As it turns out, meme coins are indeed an area of growing interest for professional money managers. That doesn't mean you should rush to buy them, but it does suggest that there's more opportunity in the segment than what many people might think. Let's unpack which players are doing what, why they're interested, and how you might be able to participate and invest in memes as well, under the right conditions.
So far there are a few businesses that are known to be competing and using meme coins as part of their strategy.
Source Fool.com
