Post
Topic
Board Economics
Re: Mexico's billionaire invests in Bitcoin
by
DrG
on 20/11/2020, 00:25:02 UTC
This is only the effect that happened as a result of Paypal accepting Bitcoin, thus making several Billionaires around the world become interested in Bitcoin.
So it should come as no surprise that there is good news that the second richest man in Mexico recently invested in Bitcoin. And this will have a snowball effect,
which makes billionaires from other countries interested in investing in Bitcoin as well. Please see the demand for Bitcoin will increase, and make the Bitcoin price even higher.

No billionaire was swayed by the Paypal news. The mere fact they are billionaires means they themselves could move markets. If Buffet stated he bought a sizable amount of Bitcoin you would see Bitcoin surpass 100k. The whole point of the announcement was to set up a competition for other billionaires to compete in obtaining stakes. It's the same crap with the fine art market. Most of these billionaires don't even bother displaying the Picasso and Rebrandts they buy - they just keep it in a safe knowing it's a limited commodity. They make sure to announce the purchase after they bought.