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Home Regulation

Bitcoin Over $23K, Megan Thee Stallion Says ‘Bitcoin Is a Really Smart Investment’

December 18, 2020
in Regulation
3 min read
Wall Street Veteran Says Many People Will Turn to Bitcoin After Labor Day
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On Thursday (December 17), with Bitcoin trading around $23K, American female rapper, singer, and songwriter Megan Thee Stallion (“HOT GIRL MEG” Twitter) told her five million followers that she is giving away $1 million in BTC.

According to data by CryptoCompare, Bitcoin was trading as high as $23,014 at 18:30 UTC on Thursday (December 17); currently (as of 10:30 UTC on December 18), the Bitcoin price is around $22,976, up 1.61% in the past 24-hour period.

Crypto analyst Lark Davis had this to say about Bitcoin’s price action:

Tyler Winklevoss, Founder and CEO of digital asset exchange Gemini, also thinks that Bitcoin “is just getting started.”

He also feels that for future generations “Roaring Twenties” will not refer to the 1920s but to the current decade and it will be associated with Bitcoin:

In the future, the period in U.S. history known as the ‘Roaring Twenties’ will be about #Bitcoin

— Tyler Winklevoss (@tyler) December 18, 2020


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On-chain analyst Willy Woo used this interesting chart to show how Bitcoin has performed compared to gold over the past 11 years:

One dollar invested in Bitcoin at its first market price would be worth $29.8m today. That dollar invested in Gold would be worth a snickers bar.

In this chart I’ve wound back the clock to include Gold’s last really big run in the 1970s (when the structure of money was reset). pic.twitter.com/STcdJM1Ufv

— Willy Woo (@woonomic) December 18, 2020

At 18:28 UTC on December 17, Megan Thee Stallion tweeted that to celebrate her partnership with Square’s Cash App team, she is giving away some free BTC to anyone who replies to her tweet with the hashtag #BTCOINMEG. And then, at 01:19 UTC on December 18, she told her over five million followers that “Bitcoin is a really smart investment.”

Hotties Bitcoin is a really smart investment and increases over time 🔥 make sure you keep dropping y’all’s cash app names so call can make smart money moves 🤑 https://t.co/2vcHeZU9Oq

— HOT GIRL MEG (@theestallion) December 18, 2020

It looks that the lucky chosen will receive 50,000 satoshis, which is 0.0005 BTC (currently, worth around $11.50):

And finally, Dave Portnoy, Dave Portnoy, the founder and president of Barstool Sports, who sold all his crypto back in August, says “it is a great time to be a Bitcoiner” and that the Bitcoin people “are doing the Lambada all over social media.” He also says that once the Bitcoin price broke $20K, he knew that it would go parabolic.

Featured Image by “SnapLaunch” via Pixabay.com


Credit: Source link

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