Like it or not, celebrity endorsements entice consumers and move markets. Sophisticated investors won’t necessarily follow an actor’s or sports star’s financial recommendations, but our celebrity-obsessed culture will track their every move and these endorsements strongly influence people’s decisions – including cryptocurrency investments.
The great thing about reading the financial news every day is that sometimes you can actually see the future as it’s unfolding.
Bitcoin’s reclaiming of $11,000 has leaked into the mainstream media and everybody’s talking about the cryptocurrency comeback – and rightfully so, as Bitcoin is now at a 15-month high. All of the critics, meanwhile, are suddenly silenced because they didn’t understand the value of immutable, non-fiat money.
2017 brought us a massive fortune. Some subscribers got personal and sent in emails with stories of paid-off debts, gifts to their family members, and other celebrations. It was a unique time, for sure.
Fear is one of life’s primary motivators, and can unfortunately also be a strong deterrent when it comes to investing in new technologies. In the particular case of Bitcoin and other digital assets, people sometimes hear about large-scale “whales” manipulating the markets and they’re afraid to make an investment.