WallstreetBets Chairman: “The Era Of Cryptocurrency Has Arrived”

0

Last Updated on 3 February 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
View all posts

The WallStreetBets Chairman, a parody account on Twitter that has become a megaphone for the millions of people on Reddit taking on Wall Street over the past few weeks, repeated a statement made earlier this week by Kim Dotcom as well, namely that:

The era of cryptocurrency has arrived

It comes just as GameStop and other stocks favored by the WallStreetBets traders saw a heavy pullback. Several analysts are wondering where the group goes from here. Some of them have indeed started commenting on Bitcoin more and more over the past few days.

Wolf of Wall Street Jordan Belfort (whose life story inspired the movie with the same name), commented on the crazy stock ride of GameStop in the past days and said:

If you are looking at this as a way to make your living, you’ll have to catch a falling knife on the way down. I would urge people to take their chips off the table.

Be aware of being the last person on the bandwagon, that is really the danger here.

Advertentie.

Kim Dotcom

Honesty obliges us to admit that the first celebrity to realize that the GameStop versus Hedge Funds or WallStreetBets versus Wall Street saga had changed the lingua of finance forever, was Kim Dotcom who stated already a few days ago that the moment Elon Musk changed his Twitter bio to Bitcoin was nothing short of the start of the crypto revolution.

Kim said:

Everyone who bets on crypto needs to understand that it competes with the money governments print to function. Make no mistake, they are trying to figure out how to stop the crypto revolution. They hate Bitcoin and all crypto. Big turbulence ahead. HOLD the ground. Crypto wins.

As GameStop was falling yesterday whilst Reddit message boards were urging their followers to HOLD at all costs, commenters realized that crypto would probably be the next battleground, with Hedge Funds already multiplying their shorts on Bitcoin in the past few days.

The WallStreetBets Chairman chimed in and stated that cryptocurrency has never had a better argument for its use before tweeting his old time favorite again: Doge.

Interesting beginning of the month of February, traditionally a bad month bot for stocks and crypto. Can’t wait to see what’s coming next.