Greater Fool Theory

It was first discussed by professor Burton Malkiel that suggested there is always a “greater fool” that you might sell an overvalued asset to. This is most prominent with the rise of the meme coins. People believe that they can be millionaires and billionaires with the meme coins and often get scammed such as the ones investing in “Squid Game” token based on the popular Netflix South Korean drama that was a straight away scam.