Basil S.Thu, Aug 12, 2021 10:25 PM
Meme Investing 102: THE BOGDANOFF TWINS, CRYPTO WOJAK & MORE
In the cruel world of meme investing, there’s only one rule: you should know your memes, and you’d better know them well. In the previous entry, we dug into the peculiar history surrounding the ever-so-popular HODL meme and explained some of its contemporaries. Now it’s time to sort of go further down the rabbit hole: today, we’ll explore some of the relatively more obscure crypto memes out there, including the notorious Bogdanoff twins as well as several memes featuring the crypto Wojak. Let’s jump right in.
1. THE BOGDANOFF TWINS (DUMP IT)
Igor and Grichka Bogdanoff’s personalities and appearance have served as source material for all kinds of memes long before they were adopted by the crypto community. The twin French TV producers first rose to online notoriety circa 2016 after a comical conspiracy theory about them appeared on 4chan. We didn’t manage to find the original post, but here’s the scope of Bogdanoff twins influence on the world according to a similar tread from 2017:
>In contact with aliens
>Possess psychic-like abilities
>Strong ties to the French prime minister
>Extensively funding NASA research regarding sustainable life on Mars
>Evidence suggests that the Rothschilds are operating under Bogdanoff twins supervision
>Will bankroll the first cities on Mars (Bogdangrad will be the first city)
>Own 99% of DNA editing research facilities on Earth
>They own Nanobot R&D labs around the world
>You likely have Bogdabots inside you right now
These ironic posts misrepresenting Bogdanoff twins as grey cardinals of global politics and economy quickly became a creative template for other similar memes on 4chan and social networks. In 2017, a meme with Igor Bogdanov holding a mobile phone at his head started to take over social media:
A handful of memes portraying Igor Bogdanoff as someone capable of saving the world economy with literally one phonecall followed shortly after. The meme reached its peak of popularity circa 2020: by that time, “the phone call” picture became a template for an ironic explanation of almost any resonant event in the world, such as, for instance, the COVID-19 outbreak or the BLM movement. Unsurprisingly, the crypto community has also adopted “the phonecall” by presenting Bogdanoff twins as the puppet masters of the global financial system who use their influence to manipulate the cryptomarket:
As most crypto memes usually go, in the case of the Bogdanoff twins this power is exercised with one goal in mind: to ruin the trades of the addressee of a given meme (hence the addition of the notable “Dump it” phrase). Next time the currency you’ve invested in goes down, you know who is to blame.
2. CRYPTO WOJAK
A variation of the popular Wojak meme (aka “the feel guy”), crypto Wojak represents yet another example of a meme that was sort of “borrowed” by the crypto community from the imageboard culture. The original Wojak meme is typically used to channel the feelings of an anonymous imageboard user in regard to a certain subject; in a similar manner, Crypto Wojak is used to portray the emotional response to market fluctuations from an average crypto investor. For instance, whenever the market starts to go down, Wojak suddenly turns pink and begins to yell with his eyes bleeding:
Then there’s also Pink Wojak’s green-tinded counterpart — the Green Wojak, who represents the feeling of stability and financial success that an investor can often experience whenever a given coin he invested in goes up:
Are there any versions of crypto Wojak other than pink and green? To be honest, we’re not quite sure. If you ever happen to stumble upon one during your research — let us know!
3. MONEY PRINTER GO BRRRR
Yet another meme featuring Wojak, the “Money Printer Go BRRR” meme was created as a response to the U.S. Federal Reserve announcing its intent to print an additional $2.3 trillion as a means to assist the economy during the COVID-19 pandemic. The idea that the central bank simply “prints money” to combat economic crises was ironically interpreted as evidence that the U.S. monetary policy has spun out of control; thus, a meme was born:
There’s also a really cool website dedicated solely to this meme — make sure to check it out. Other than that, there’s not that much to explain: the meme is used by crypto enthusiasts and anarcho-capitalists to mock the supporters of the traditional monetary system — and that’s basically it.
Now that you’ve learned so much about the intricacies of crypto memeology, it would be a good idea to go out there and try to decipher a couple of fresh memes on your own — after all, what’s the use in having all this knowledge if you don’t put it into practice? We’ll be back with new memes for you in no time, so stay tuned — and remember to know your memes!