interesting piece. imo tho i think narrative and price are like "the chicken or the egg" dilemma, not necessarily one thing always comes first. many narratives are built and formed for many years (for example real yield), and saying price always drives narratives disregard all the efforts of builders that turn those narratives into reality. but in the example of memes, what you are saying is very true. great piece!
truly increzibool
interesting piece. imo tho i think narrative and price are like "the chicken or the egg" dilemma, not necessarily one thing always comes first. many narratives are built and formed for many years (for example real yield), and saying price always drives narratives disregard all the efforts of builders that turn those narratives into reality. but in the example of memes, what you are saying is very true. great piece!