Neil here.
Last night, Tesla’s own Elon Musk tweeted a series of Dogecoin-related thoughts that sent the coin flying more than 50% today.
This comes about one week after Elon added “#bitcoin” to his Twitter bio, which caused the coin to surge in value by as much as 20%.
As of right now, Elon is the richest man on the planet. And with a loyal Twitter following of 45.3 million people, he’s arguably one of the world’s most influential figures.
To me, Elon’s tweets are an interesting case study of the power of the internet and the effect it has on the markets. We saw this just two weeks ago with the beginning of the GameStop short squeeze debacle. An army-sized online community rallied together to drive up the price of one of the market’s most shorted stocks.
It worked for a little while, but the price has since dropped dramatically. Currently, GameStop is valued at around just $60 after almost hitting $500 just last week.
The GameStop squeeze may have lost steam. But I certainly don’t think we’ll see anything crypto-related fall flat in the next few months and years.
Now, we obviously can’t attribute crypto’s latest growth to just Elon’s tweet. Bitcoin hit its peak back in January at around $42,000, growing over 280% from just July 2020 to this point.
The entire crypto industry hit $1 trillion for the first time last month, too.
Analysts are calling it a 21st century “digital gold rush.” The country’s top tech experts have never been more bullish on any asset class. Just take this analyst’s word for it.
There are even smaller, “diamond-in-the-rough” cryptos out there that are seeing outsized gains already this year. I’m talking Ethereum, Litecoin, and three others that could hand their investors triple-digit gains over just the next year.
(If you’re interested, you can click here to get the full report.)
Overall, having an influential player like Elon throw his weight behind currencies like Bitcoin (and even the meme-inspired Dogecoin) bodes well for the industry. This isn’t the first time he’s talked about Bitcoin, and I personally agree with most of what he’s said about it.
He’s predicted that Bitcoin is “on the verge of getting broad acceptance by conventional finance people.” It’s likely that as Bitcoin (and others) continue to gain momentum, we’ll see it widely adopted across a number of industries.
Elon’s own PayPal start accepting Bitcoin in November 2020. Since then, the company’s total transaction revenue has risen by 11.8%. PayPal also added 16 million in net new accounts in 2020’s final quarter.
All of that to say, I’m very bullish on crypto.
What we’re seeing right now is just the beginning… and as more big names and institutions hop on the crypto bandwagon, we’ll likely see its prices skyrocket. Not only that, but the entire asset class will gain a level of credibility that no one could have predicted even five years ago.
I’m sure many of today’s investors are kicking themselves that they didn’t invest in Bitcoin (or others) years ago.
And with crypto well-positioned to skyrocket over the next few months and years, I’d highly suggest getting all the info you need right now about all of the opportunities out there in the crypto space. I’m expecting big things from this industry very soon, and we’ll always be the first to get you the full scoop.
Here’s a report to get you started. If you’re interested, check it out, and I’ll be back soon with another update.
Until next time,
Neil Patel
Last night, Tesla’s own Elon Musk tweeted a series of Dogecoin-related thoughts that sent the coin flying more than 50% today.
This comes about one week after Elon added “#bitcoin” to his Twitter bio, which caused the coin to surge in value by as much as 20%.
As of right now, Elon is the richest man on the planet. And with a loyal Twitter following of 45.3 million people, he’s arguably one of the world’s most influential figures.
To me, Elon’s tweets are an interesting case study of the power of the internet and the effect it has on the markets. We saw this just two weeks ago with the beginning of the GameStop short squeeze debacle. An army-sized online community rallied together to drive up the price of one of the market’s most shorted stocks.
It worked for a little while, but the price has since dropped dramatically. Currently, GameStop is valued at around just $60 after almost hitting $500 just last week.
The GameStop squeeze may have lost steam. But I certainly don’t think we’ll see anything crypto-related fall flat in the next few months and years.
Now, we obviously can’t attribute crypto’s latest growth to just Elon’s tweet. Bitcoin hit its peak back in January at around $42,000, growing over 280% from just July 2020 to this point.
The entire crypto industry hit $1 trillion for the first time last month, too.
Analysts are calling it a 21st century “digital gold rush.” The country’s top tech experts have never been more bullish on any asset class. Just take this analyst’s word for it.
There are even smaller, “diamond-in-the-rough” cryptos out there that are seeing outsized gains already this year. I’m talking Ethereum, Litecoin, and three others that could hand their investors triple-digit gains over just the next year.
(If you’re interested, you can click here to get the full report.)
Overall, having an influential player like Elon throw his weight behind currencies like Bitcoin (and even the meme-inspired Dogecoin) bodes well for the industry. This isn’t the first time he’s talked about Bitcoin, and I personally agree with most of what he’s said about it.
He’s predicted that Bitcoin is “on the verge of getting broad acceptance by conventional finance people.” It’s likely that as Bitcoin (and others) continue to gain momentum, we’ll see it widely adopted across a number of industries.
Elon’s own PayPal start accepting Bitcoin in November 2020. Since then, the company’s total transaction revenue has risen by 11.8%. PayPal also added 16 million in net new accounts in 2020’s final quarter.
All of that to say, I’m very bullish on crypto.
What we’re seeing right now is just the beginning… and as more big names and institutions hop on the crypto bandwagon, we’ll likely see its prices skyrocket. Not only that, but the entire asset class will gain a level of credibility that no one could have predicted even five years ago.
I’m sure many of today’s investors are kicking themselves that they didn’t invest in Bitcoin (or others) years ago.
And with crypto well-positioned to skyrocket over the next few months and years, I’d highly suggest getting all the info you need right now about all of the opportunities out there in the crypto space. I’m expecting big things from this industry very soon, and we’ll always be the first to get you the full scoop.
Here’s a report to get you started. If you’re interested, check it out, and I’ll be back soon with another update.
Until next time,
Neil Patel