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 Mati Greenspan, Founder of FinTech startup Quantum Economics, said yesterday in his daily newsletter that Bitcoin is trading in “unchartered waters” (i.e. we are in “price discovery” mode):
“When this rally got going, we did mention that there were no noticeable levels of resistance between $14,000 and $20,000. Now that we’re past the prior all-time highs, there are no levels left on the chart that might indicate where the price might eventually top out. It will top out at some point though. You can be sure of that.
“We haven’t killed off market cycles, nor shirked the principles on which capitalism works. Bears are in hibernation at the moment, but they’ll be back eventually. But there isn’t anyone on the planet who might be able to predict when or at what price that might happen.
“It could literally be any number between $23,800 and $1 million per coin or even beyond that, for all we know. Looking at this log-scale graph of bitcoin’s short history, Minerd’s call for $400,000 doesn’t seem entirely insane either.”
As for crypto analyst Lark Davis, he had this to say about Bitcoin’s recent 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:
On-chain analyst Willy Woo used this interesting chart to show how Bitcoin has performed compared to gold over the past 11 years:
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.”
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
