Bitcoin has come a long way since 2009, the year it was introduced to the world. The world’s largest cryptocurrency surprised even the harshest critics by hitting a $1 trillion market cap during the 2021 bull market.
That’s not all. At the height of the 2021 bull run, Bitcoin even found its place on the balance sheets of major companies like Tesla and Block (formerly Square), testament to its rapid adoption.
Despite being impressed by its growth, critics continue to mock and disparage Bitcoin, calling its valuation absurd and even going so far as to call it a Ponzi scheme. However, Bitcoin has continued to gain traction and recognition beyond the fringe retail craze that surrounded it in its early days. Many have even called Bitcoin unique, saying that it is very different from the 20,000+ cryptocurrencies in circulation. Such impressive developments have allowed Bitcoin to gain unprecedented popularity among the masses, making it clear that the Bitcoin revolution is unstoppable.
Day after day, month after month, a record number of users are joining the bitcoin community. This has led to a very peculiar problem, which is the difficulty of keeping up to date with everything that is happening in the bitcoin space. In addition, the fast-paced crypto industry is contributing to this development. Not to mention all the scammers that come in hordes. And to be honest, as more people embrace bitcoin, scammers will become even more inevitable. As such, they will try to take advantage of people who are new to the bitcoin market and don’t know how to protect themselves.
This is where following the right people on social media becomes even more important. It can also be helpful to follow industry leaders and influencers for insight into the latest trends.
Twitter is a great way to stay up to date on bitcoin. It is actually the most popular social media platform in the cryptocurrency world.
Click here to learn all about investing in Bitcoin.
There are many great Twitter handles for BTC enthusiasts. Here are five of the best:
Of course, a Twitter account documenting everything that happens in and around Bitcoin would be incredibly valuable to anyone interested in the currency. Finally, such an account would provide real-time updates on bitcoin news, price movements, and relevant information about the digital currency.
What if we tell you there’s a Twitter account that does just that? Welcome to Documenting Bitcoin, an excellent resource for those interested in following the evolution of the cryptocurrency.
The account provides regular updates on the progress of the Bitcoin network, as well as industry news and commentary, to its more than 869.6k followers.
In this way, it is beneficial not only for beginners but also for experienced BTC enthusiasts. By documenting everything that goes on with BTC, this account helps newbies learn about cryptocurrency and its various uses, while providing valuable insights for experienced users.
Having it on your list of followed accounts will ensure that you don’t miss any important developments and can give you a comprehensive view of what’s happening in the bitcoin market.
Michael Saylor is the Founder, CEO and Chairman of the Board of MicroStrategy, a public business intelligence company headquartered in Tysons, Virginia. He’s also a staunch supporter of Bitcoin, but that’s not how it started.
In fact, in 2013 Saylor warned the world about Bitcoin, tweeting that its “… days are numbered. It seems only a matter of time before it meets the same fate as online gambling.”
But that was about a decade ago, and today it’s all about Bitcoin and he only tweets about the dominant cryptocurrency that has garnered him a whopping 2.9 million followers on Twitter.
That change of heart came in September 2020 when he first announced that MicroStrategy had invested $250 million in Bitcoin. And since then, the company has gradually increased its BTC stash, which now totals about 132,500 Bitcoin at a total cost of just over $4 billion.
With this move, MicroStrategy became the first public company to make Bitcoin an investment option for its shareholders and prompted others to follow the same path.
Saylor has said he believes Bitcoin is the most important invention since the internet. He has predicted that the digital currency will eventually replace gold as the world reserve currency.
He has also likened Bitcoin to a “swarm of intelligent bees” working “together to create the world’s most valuable asset.”
Unlike Andreas Antonopoulos, an educator, and Michael Saylor, a Bitcoin promoter, PlanB is all about price. A well-known figure in the bitcoin community, PlanB provides technical analysis and charts. He is a pseudonymous trader and Bitcoin influencer who tweets about his models and research.
PlanB is best known for its “stock-to-flow” model used to quantify scarcity. The model is defined as a relationship between the production of an asset and its current available stock. According to this model, Bitcoin’s S2F ratio doubled to 50 with the 2020 halving, approaching gold’s 62, the highest S2F.
Based on the model, PlanB predicted that the price of Bitcoin will surge above $100,000 before December 2021. In 2020, he introduced a new S2F Cross Asset (S2FX) model, which calculated Bitcoin’s S2F to be 56 over the period 2020-2024 and predicted the price to be $288,000.
But those predictions didn’t come true as BTC surpassed this past pull run at $69,000. Despite this, he remains one of the most followed personalities in the world with 1.8 million followers on Twitter. Today he continues to share his views on the bitcoin market and price action.
Peter Schiff is a well-known anti-Bitcoin figure. He believes Bitcoin is a bubble and is not backed by anything of value. He has been critical of Bitcoin for years.
Interestingly, his son Spencer Schiff is a well-known bitcoiner. Commenting on his son’s 100% BTC portfolio in 2021, Peter Schiff told his 917.2k followers on Twitter, “If my own son is brainwashed like that, imagine how vulnerable most children are are. He HODLs to infinity or broke.”
Schiff is not alone in his criticism of Bitcoin. Many other well-known figures such as Warren Buffett have also spoken out against Bitcoin. The view of Schiff and other bitcoin critics remains that people are only buying the crypto asset because they expect other people to buy it and that it is the ultimate example of a greater stupidity Ponzi scheme.
According to Schiff, sooner or later the bitcoin bubble will burst and those who hold it will lose a lot of money. But he’s been saying that for many years, and Bitcoin is still going strong.
So why should you follow Schiff? While there are certainly many people who are bullish on bitcoin, it’s important to understand the perspective of anti-BTC folks as well. Understanding what the other side is thinking and how it works can help you understand Bitcoin even better.
Marty Bent is the pseudonym of Marcus Bent. With nearly 170,000 followers on his Twitter handle, Marty is one of the most heard voices in the bitcoin space. He is the founder of TFTC.io, where he publishes daily newsletters highlighting signals in Bitcoin.
The newsletter, called Marty’s Bent, has more than 1,300 issues to date. In these newsletters, Marty has provided insightful insight into various bitcoin-related topics, including how bitcoiners are changing the way we interact with applications, why he thinks CBDC will be significantly more inconvenient than bitcoin, and more.
Marty is also one of the directors of cathedra Bitcoin, a company that develops and operates global standard bitcoin mining infrastructure. Marty is also a venture partner at Ten31, a firm making early-stage investments in the Bitcoin ecosystem.
As a thought leader and thought leader in the bitcoin space, Marty’s work has helped millions learn about the potential of bitcoin. Marty has been active on Twitter for more than a decade and his opinions are of great value to enthusiasts and market participants alike.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.