A marriage of the words ‘hope’ and ‘opium’, hopium is an imaginary drug that keeps you hopeful when things aren’t going your way or times are a little stressful in the market.
Applied to the Bitcoin world, the effects of hopium are often seen with shitcoiners thinking their coin has any use case and they start shilling it all over the place. We also see the hopium effects with Bitcoin as “TikTok investors” share their charts and technical analysis that have impossible price predictions.
Hopium addicts often present themselves as moonboys or moongirls. It’s a dangerous drug if you like shitcoin, but if you like bitcoin, a little hopium can go a long way, especially in a bear market!
Hopium is often depicted with Pepe the Frog as a meme.