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.
As an investor, I wouldn’t want to be involved with traditional banking or with established credit card processors, at this point.