Brian Armstrong Buoyancy on Bitcoin, Will Meme Coins Like Big Eyes Stay?

A bold claim, especially in light of the recent FTX implosion, where the collapse of the centralized crypto exchange wiped out billions of dollars from the crypto market just like that. It has been one of the harshest crypto winters in a very long time.

In this article I will look at why Brian Armstrong may be so bullish on Bitcoin (BTC) and look at the new meme coin Big eyes (BIG). Does it have what it takes to brave the winter? Let’s find out.

Brian Armstrong Bullish on Bitcoin, the Digital Gold

Bitcoin (BTC) has often been called “digital gold”, as it shares many characteristics with the rare metal. It’s deflationary – there’s a fixed supply of it, increasing its price over time. Bitcoin is also the most widely used cryptocurrency, and similarly, gold is the most widely used monetary metal. Armstrong was surprised that people didn’t see Bitcoin as something to double down on in this tumultuous market:

“I really thought that in a low market, in a high inflation environment, people might use Bitcoin more, like the way you do with gold. I think it turns out we were a little early on that.”

Unfortunately, as of now, Bitcoin does not have the same adoption rate as gold. This is likely due to gold’s well-established track record as a store of value, and also because it has a market capitalization 10 times greater than that of Bitcoin. However, Armstrong remains bullish on Bitcoin and assures that in 5 or 10 years we will see more adoption, especially in times of panic like these.

Armstrong sees things like a matador. As the market is filled with red, the bull is bound to come charging sooner or later.

Big Eyes: Braving the Bear?

Big Eyes (BIG) is a fully fledged community token, designed to give back to the community and to charity. Can this cute cat take on the brutal bear market we are facing?

Since the coin is still in presale, Big Eyes exists outside of the crypto market, and only continues to build momentum. So far the pre-sale has raised over $10 million! Big Eyes is focused on giving back to the community, and creating investors who are very loyal to the cause. 5% of all tokens are put into a visible charity wallet to be donated to marine sanctuaries. People are not only investing in cryptocurrencies with Big Eyes, but also in saving our oceans.

Big Eyes is also big on DeFi, one of the main goals of directing more wealth into the DeFi ecosystem. To buy Big Eyes, you need to load Ethereum (ETH) onto a cold wallet, bypassing any risk of fund unavailability on centralized exchanges. DeFi completely bypasses black swan events like the FTX collapse, as it operates on a trustless system, cutting out the middle man. This is because DeFi uses the code in smart contracts to ensure a valid transaction. Big Eyes has plans to launch on Uniswap and to release various tutorial videos on DeFi, to make the process for newcomers to the space as easy as possible. With Big Eyes, you don’t have to worry about your hard-earned money being wiped out due to a stock market crash.

Final thoughts

Bitcoin (BTC) will always have its place in the crypto market. But so will meme coins. Many will come and go, but it is very likely that Big Eyes (BIG) will stay. With a solid community behind it and a philanthropic philosophy, Big Eyes will no doubt be able to weather the bear market when it launches and ride the next bull market to the top.

Big Eyes Coin (BIG)

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