Stephen Colbert confirms his Fartcoin investment
Stephen Colbert joked about investing in a memecoin called "Fartcoin" during "The Late Show" on Wednesday.
The stock market may be having a bit of a wobble, but Stephen Colbert is feeling cool as a cucumber.
"Anybody have money in the stock market? Not anymore, because today the Dow plunged more than 1,100 points — and that is a lot of...Dow units," says Colbert in the Late Show clip above. "Despite this turbulent market you don't see me shaking, because I've taken all my money and placed it safely in memecoin. I'm fine. For instance, I put it in the very real cryptocurrency called Fartcoin, which is – and this is true – today surged to a nearly $1 billion market cap.
"But I'm not here to brag about my good fortune, OK, that's the thing about Fartcoin: It's silent but wealthy."
Of course, if you're thinking of following in Colbert's footsteps, it's worth remembering that all memecoins are a massively risky investment that could dump at any time.
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