What is WAGMI in Crypto?
The acronym stands for “We’re All Gonna Make It”. It is common in social media networks like Twitter as a way to build confidence in the crypto markets. It can also be used to mock social media influencers or crypto advocates promoting crypto for their own benefit or making unrealistic asset price predictions.
While popular in the crypto community, the catchphrase originates from an online motivational video from the late Russian-Australian bodybuilder, Aziz “Zyzz” Shavershian. The phrase was popularized in 2021 by Wallstreetbets, also known as WSB or /r/wallstreetbets, a subreddit community where members discuss options and stock trading. WSB is popular for its aggressive trading strategies in highly speculative options trading. The term traveled from the subreddit to the crypto scene to become a part of the crypto culture.
- “Don’t sell you Bitcoin now, WAGMI.”
- “The mainstream thinks that Bitcoin is going to die. It’s always the same singsong. WAGMI, bro.”
- “We are in the last phase of the crypto market cycle. The accumulation is almost nearing, I believe WAGMI.”