The BitConnect meme features Carlos Matos, an investor whose high-energy presentation at a 2017 BitConnect ceremony became an internet sensation. His exuberant shouts of 'Biiitconneeeect!' and the rhythmic 'Wasa wasa wasa wasup!' became the definitive symbols of the cryptocurrency world's most infamous Ponzi scheme. After BitConnect collapsed in early 2018, causing investors to lose billions, Matos's performance transitioned from hype to a cautionary satire. Today, the meme is used throughout social media to mock financial scams, 'rug pulls,' and over-the-top investment pitches that seem too good to be true, immortalizing the absurdity of the 2017 crypto bubble.